First Hawaiian Bank cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,717 shares of the retailer’s stock after selling 1,216 shares during the quarter. First Hawaiian Bank’s holdings in Costco Wholesale were worth $2,268,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in COST. Horan Capital Advisors LLC. bought a new position in Costco Wholesale in the third quarter valued at approximately $31,000. Farmers & Merchants Trust Co of Chambersburg PA increased 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 during the last quarter. Enterprise Trust & Investment Co increased 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 during the last quarter. Princeton Global Asset Management LLC increased its stake in Costco Wholesale by 88.6% in the second quarter. Princeton Global Asset Management LLC now owns 132 shares of the retailer’s stock valued at $35,000 after acquiring an additional 62 shares during the last quarter. Finally, Marquette Asset Management LLC bought a new position in Costco Wholesale in the third quarter valued at approximately $43,000. 69.85% of the stock is currently owned by institutional investors.
Shares of NASDAQ:COST opened at $299.87 on Tuesday. The firm has a market cap of $131.31 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 4.27 and a beta of 0.89. The firm’s fifty day moving average is $295.31 and its 200-day moving average is $289.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.49 and a current ratio of 1.01. Costco Wholesale Co. has a 52 week low of $205.75 and a 52 week high of $307.34.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 12th. The retailer reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The company had revenue of $37.04 billion for the quarter, compared to analyst estimates of $37.40 billion. Costco Wholesale had a net margin of 2.42% and a return on equity of 24.22%. Costco Wholesale’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. Sell-side analysts forecast that Costco Wholesale Co. will post 8.59 EPS for the current year.
A number of brokerages have weighed in on COST. Guggenheim restated a “hold” rating on shares of Costco Wholesale in a research report on Thursday, October 10th. Robert W. Baird set a $325.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets restated a “buy” rating and issued a $320.00 target price on shares of Costco Wholesale in a research report on Friday, December 13th. Raymond James raised their target price on shares of Costco Wholesale from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Gordon Haskett upgraded shares of Costco Wholesale from a “hold” rating to an “accumulate” rating and raised their target price for the company from $255.00 to $330.00 in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Costco Wholesale has an average rating of “Hold” and an average price target of $300.00.
In other Costco Wholesale news, VP Joseph P. Portera sold 14,095 shares of Costco Wholesale stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $299.52, for a total value of $4,221,734.40. Following the completion of the sale, the vice president now directly owns 6,211 shares of the company’s stock, valued at $1,860,318.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Patrick J. Callans sold 2,000 shares of Costco Wholesale stock in a transaction on Monday, December 16th. The shares were sold at an average price of $293.99, for a total transaction of $587,980.00. Following the completion of the sale, the vice president now directly owns 59,679 shares of the company’s stock, valued at $17,545,029.21. The disclosure for this sale can be found here. Insiders have sold 32,471 shares of company stock valued at $9,739,998 in the last three months. 0.22% of the stock is owned by insiders.
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.
Featured Article: Cost of Goods Sold (COGS)
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