Intl Fcstone Inc. boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,302 shares of the retailer’s stock after acquiring an additional 47 shares during the period. Intl Fcstone Inc.’s holdings in Costco Wholesale were worth $315,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in shares of Costco Wholesale by 20,897.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,652,688 shares of the retailer’s stock valued at $165,000 after buying an additional 33,492,419 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Costco Wholesale by 55,048.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock valued at $1,292,998,000 after buying an additional 5,494,946 shares during the period. Norges Bank purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $868,633,000. BlackRock Inc. grew its stake in shares of Costco Wholesale by 2.6% in the 4th quarter. BlackRock Inc. now owns 28,778,155 shares of the retailer’s stock valued at $5,862,398,000 after buying an additional 736,711 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of Costco Wholesale by 8,622.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 577,135 shares of the retailer’s stock valued at $8,898,698,000 after buying an additional 570,518 shares during the period. 72.22% of the stock is owned by institutional investors.
Several analysts have recently weighed in on COST shares. Argus reissued a “buy” rating and issued a $245.00 price target (down previously 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. Bank of America set a $255.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, March 8th. BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 25th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $243.00 price target for the company in a research note on Monday, March 11th. Finally, UBS Group increased their price target on shares of Costco Wholesale to $280.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $246.57.
In other Costco Wholesale news, VP Richard A. Galanti sold 4,188 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $230.47, for a total transaction of $965,208.36. Following the sale, the vice president now directly owns 30,082 shares in the company, valued at approximately $6,932,998.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John W. Meisenbach bought 3,000 shares of Costco Wholesale stock in a transaction on Monday, April 1st. The shares were 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 in the company, valued at $3,113,927.45. The disclosure for this purchase can be found here. Insiders have sold a total of 8,587 shares of company stock valued at $2,004,576 in the last ninety days. 0.21% of the stock is currently owned by corporate insiders.
NASDAQ:COST opened at $245.34 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.46. The company has a market cap of $108.36 billion, a P/E ratio of 35.92, a P/E/G ratio of 3.50 and a beta of 0.95. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $247.09.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.34. The firm had revenue of $35.40 billion during the quarter. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. During the same period in the previous year, the business posted $1.59 EPS. As a group, equities analysts forecast that Costco Wholesale Co. will post 7.9 EPS for the current year.
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Costco Wholesale Company 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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