Capital Bank & Trust Co trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,430 shares of the retailer’s stock after selling 7,971 shares during the quarter. Costco Wholesale accounts for about 1.3% of Capital Bank & Trust Co’s portfolio, making the stock its 24th largest position. Capital Bank & Trust Co’s holdings in Costco Wholesale were worth $103,880,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Trust Co. of Toledo NA OH grew its holdings in Costco Wholesale by 1.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 2,786 shares of the retailer’s stock worth $818,000 after purchasing an additional 34 shares during the period. Doyle Wealth Management increased its position in Costco Wholesale by 1.8% in the 4th quarter. Doyle Wealth Management now owns 1,904 shares of the retailer’s stock valued at $560,000 after buying an additional 34 shares in the last quarter. Bernicke Wealth Management Ltd. increased its position in Costco Wholesale by 0.8% in the 4th quarter. Bernicke Wealth Management Ltd. now owns 4,567 shares of the retailer’s stock valued at $1,342,000 after buying an additional 35 shares in the last quarter. Jacobi Capital Management LLC raised its stake in Costco Wholesale by 14.9% during the 4th quarter. Jacobi Capital Management LLC now owns 285 shares of the retailer’s stock worth $84,000 after buying an additional 37 shares during the period. Finally, Bangor Savings Bank raised its stake in Costco Wholesale by 3.8% during the 4th quarter. Bangor Savings Bank now owns 1,092 shares of the retailer’s stock worth $321,000 after buying an additional 40 shares during the period. 70.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of COST stock traded up $3.93 on Thursday, hitting $284.79. The stock had a trading volume of 1,535,802 shares, compared to its average volume of 5,653,353. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 0.52. The business has a 50 day moving average of $306.29 and a 200 day moving average of $299.64. Costco Wholesale Co. has a 12-month low of $233.05 and a 12-month high of $325.26. The stock has a market cap of $125.82 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 3.90 and a beta of 0.91.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 5th. The retailer reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.04. Costco Wholesale had a net margin of 2.39% and a return on equity of 23.41%. The business had revenue of $39.10 billion during the quarter, compared to the consensus estimate of $38.26 billion. During the same period in the prior year, the firm posted $2.01 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, research analysts expect that Costco Wholesale Co. will post 8.72 earnings per share for the current fiscal year.
A number of equities research analysts have commented on COST shares. Nomura raised their price objective on Costco Wholesale from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a report on Monday, March 2nd. Morgan Stanley upgraded Costco Wholesale from an “equal weight” rating to an “overweight” rating in a report on Monday, March 16th. Wells Fargo & Co lifted their price target on shares of Costco Wholesale from $290.00 to $300.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $315.42.
In related news, CFO Richard A. Galanti sold 1,448 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $306.51, for a total transaction of $443,826.48. Following the completion of the sale, the chief financial officer now owns 23,967 shares in the company, valued at $7,346,125.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Decker sold 3,850 shares of Costco Wholesale stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $300.41, for a total transaction of $1,156,578.50. Following the completion of the sale, the director now directly owns 34,582 shares in the company, valued at approximately $10,388,778.62. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
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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