Woodstock Corp lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 26,257 shares of the retailer’s stock after purchasing an additional 180 shares during the quarter. Costco Wholesale makes up about 1.4% of Woodstock Corp’s portfolio, making the stock its 28th largest position. Woodstock Corp’s holdings in Costco Wholesale were worth $7,961,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in COST. Your Advocates Ltd. LLP purchased a new stake in shares of Costco Wholesale during the first quarter worth about $28,000. Beutel Goodman & Co Ltd. purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $29,000. Fortis Advisors LLC lifted its position in Costco Wholesale by 98.1% in the first quarter. Fortis Advisors LLC now owns 103 shares of the retailer’s stock valued at $29,000 after buying an additional 51 shares during the last quarter. ERTS Wealth Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth $30,000. Finally, Key Financial Inc purchased a new stake in Costco Wholesale during the first quarter worth about $32,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.
COST traded up $4.80 on Tuesday, reaching $316.29. The company had a trading volume of 133,854 shares, compared to its average volume of 2,561,781. Costco Wholesale Co. has a one year low of $262.71 and a one year high of $325.26. The company has a market capitalization of $137.53 billion, a P/E ratio of 37.85, a PEG ratio of 4.31 and a beta of 0.68. The company has a fifty day moving average of $303.50 and a 200-day moving average of $303.01. The company has a current ratio of 1.11, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 28th. The retailer reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.03). Costco Wholesale had a net margin of 2.31% and a return on equity of 22.60%. The firm had revenue of $36.45 billion for the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts predict that Costco Wholesale Co. will post 8.45 EPS for the current year.
A number of research firms recently weighed in on COST. Oppenheimer assumed coverage on shares of Costco Wholesale in a research note on Wednesday, June 3rd. They set a “buy” rating and a $335.00 target price on the stock. Deutsche Bank upped their target price on Costco Wholesale from $296.00 to $297.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Nomura Securities restated a “hold” rating and issued a $310.00 price objective on shares of Costco Wholesale in a research note on Monday, April 13th. Telsey Advisory Group restated a “buy” rating and issued a $330.00 target price on shares of Costco Wholesale in a research note on Thursday, June 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $330.00 price objective on shares of Costco Wholesale in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the stock. Costco Wholesale has an average rating of “Buy” and an average price target of $321.87.
In related news, insider Daniel M. Hines sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $309.31, for a total value of $1,546,550.00. Following the sale, the insider now directly owns 15,632 shares in the company, valued at approximately $4,835,133.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Roland Michael Vachris sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $300.95, for a total transaction of $1,203,800.00. Over the last quarter, insiders sold 26,650 shares of company stock worth $8,208,438. 0.22% of the stock is owned by company insiders.
About Costco Wholesale
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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