Burns J W & Co. Inc. NY increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 58.8% in the 1st quarter, HoldingsChannel reports. The firm owned 8,803 shares of the retailer’s stock after acquiring an additional 3,258 shares during the period. Burns J W & Co. Inc. NY’s holdings in Costco Wholesale were worth $2,132,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. boosted its stake in Costco Wholesale by 3.8% during the first quarter. Dubuque Bank & Trust Co. now owns 27,107 shares of the retailer’s stock valued at $6,564,000 after buying an additional 998 shares during the last quarter. First Hawaiian Bank boosted its stake in Costco Wholesale by 49.0% during the first quarter. First Hawaiian Bank now owns 9,734 shares of the retailer’s stock valued at $2,357,000 after buying an additional 3,199 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in Costco Wholesale by 78.6% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 13,021 shares of the retailer’s stock valued at $3,153,000 after buying an additional 5,731 shares during the last quarter. Donaldson Capital Management LLC bought a new position in Costco Wholesale during the first quarter valued at approximately $314,000. Finally, Park National Corp OH boosted its stake in Costco Wholesale by 21.1% during the first quarter. Park National Corp OH now owns 16,404 shares of the retailer’s stock valued at $3,972,000 after buying an additional 2,854 shares during the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.
Shares of NASDAQ COST opened at $246.33 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $247.09. The company has a market capitalization of $106.43 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 3.43 and a beta of 0.95.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.34. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. The firm had revenue of $35.40 billion for the quarter. During the same quarter in the previous year, the company posted $1.59 earnings per share. On average, equities research analysts anticipate that Costco Wholesale Co. will post 7.9 earnings per share for the current year.
In other news, Director Susan L. Decker sold 2,049 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $232.00, for a total value of $475,368.00. Following the sale, the director now directly owns 48,589 shares in the company, valued at $11,272,648. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John W. Meisenbach purchased 3,000 shares of Costco Wholesale stock in a transaction dated Monday, April 1st. The stock was acquired at an average price of $242.65 per share, for a total transaction of $727,950.00. Following the completion of the acquisition, the director now owns 12,833 shares of the company’s stock, valued at approximately $3,113,927.45. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 8,587 shares of company stock worth $2,004,576. Company insiders own 0.21% of the company’s stock.
COST has been the subject of a number of research reports. Argus reissued a “buy” rating and set a $245.00 price target (down from $255.00) on shares of Costco Wholesale in a research note on Monday, December 24th. They noted that the move was a valuation call. Barclays reaffirmed a “hold” rating and issued a $225.00 price objective on shares of Costco Wholesale in a research note on Wednesday, January 9th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Friday, January 11th. TheStreet lowered Costco Wholesale from an “a” rating to a “c” rating in a research note on Wednesday, January 16th. Finally, BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 25th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Costco Wholesale currently has a consensus rating of “Buy” and a consensus target price of $246.57.
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Costco Wholesale Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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