Crewe Advisors LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 415 shares of the retailer’s stock after buying an additional 35 shares during the period. Crewe Advisors LLC’s holdings in Costco Wholesale were worth $120,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in shares of Costco Wholesale during the second quarter worth $26,000. Massey Quick Simon & CO. LLC acquired a new position in Costco Wholesale in the second quarter valued at $27,000. Horan Capital Advisors LLC. acquired a new position in Costco Wholesale in the third quarter valued at $31,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Costco Wholesale by 164.3% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock valued at $32,000 after acquiring an additional 69 shares in the last quarter. Finally, Enterprise Trust & Investment Co boosted its stake in Costco Wholesale by 171.7% in the third quarter. Enterprise Trust & Investment Co now owns 125 shares of the retailer’s stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.
COST stock traded up $0.85 during mid-day trading on Wednesday, hitting $296.52. 1,742,024 shares of the company were exchanged, compared to its average volume of 1,961,556. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $307.34. The firm has a fifty day simple moving average of $299.86 and a 200 day simple moving average of $280.84. The company has a current ratio of 1.01, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $131.81 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 4.12 and a beta of 0.91.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.54 by $0.15. The business had revenue of $47.50 billion during the quarter, compared to analyst estimates of $47.71 billion. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.36 EPS. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 8.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.65 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.60 annualized dividend and a yield of 0.88%. Costco Wholesale’s dividend payout ratio is presently 31.75%.
In other Costco Wholesale news, Director Susan L. Decker sold 333 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $297.50, for a total transaction of $99,067.50. Following the sale, the director now directly owns 41,470 shares in the company, valued at approximately $12,337,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard A. Galanti sold 1,984 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $302.80, for a total transaction of $600,755.20. Following the completion of the sale, the chief financial officer now owns 26,165 shares in the company, valued at $7,922,762. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,780 shares of company stock worth $11,032,292. 0.21% of the stock is currently owned by insiders.
COST has been the subject of several research analyst reports. Guggenheim restated a “hold” rating on shares of Costco Wholesale in a research note on Thursday, October 10th. BidaskClub cut shares of Costco Wholesale from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Royal Bank of Canada increased their price target on shares of Costco Wholesale from $321.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Telsey Advisory Group increased their price target on shares of Costco Wholesale from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Robert W. Baird set a $325.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $295.04.
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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