Blue Fin Capital Inc. lifted its holdings in Costco Wholesale Co. (NASDAQ: COST – Get Rating) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,076 shares of the retailer’s stock after buying an additional 150 shares during the period. Costco Wholesale comprises approximately 1.8% of Blue Fin Capital Inc.’s portfolio, making the stock its 12th biggest position. Blue Fin Capital Inc.’s holdings in Costco Wholesale were worth $ 6,378,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Fortune 45 LLC grew its position in Costco Wholesale by 8.6% during the first quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock valued at $ 401,000 after purchasing an additional 55 shares in the last quarter. Close Asset Management Ltd acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $ 164,500,000. Poplar Forest Capital LLC grew its stake in shares of Costco Wholesale by 5.2% in the 4th quarter. Poplar Forest Capital LLC now owns 526 shares of the retailer’s stock valued at $ 299,000 after buying an additional 26 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in Costco Wholesale by 6.2% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 1,599 shares of the retailer’s stock worth $ 908,000 after buying an additional 93 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its stake in Costco Wholesale by 3.6% in the first quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock valued at $ 3,502,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 67.52% of the company stock.
A number of research firms have recently weighed in on COST. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. The Goldman Sachs Group upped their price target on Costco Wholesale from $ 561.00 to $ 627.00 and gave the stock a “buy” rating in a research note on Thursday, April 7th. Robert W. Baird reduced their target price on Costco Wholesale from $ 600.00 to $ 560.00 and set an “outperform” rating for the company in a report on Friday, May 27th. Citigroup lowered their price objective on shares of Costco Wholesale from $ 590.00 to $ 510.00 and set a “neutral” rating on the stock in a research note on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Costco Wholesale from $ 530.00 to $ 525.00 in a report on Wednesday, May 25th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $ 569.56.
NASDAQ: COST opened at $ 459.96 on Thursday. The company has a market cap of $ 203.74 billion, a price-to-earnings ratio of 36.22, a P / E / G ratio of 3.87 and a beta of 0.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. The stock’s fifty day moving average price is $ 496.50 and its two-hundred day moving average price is $ 522.53. Costco Wholesale Co. has a 52-week low of $ 390.59 and a 52-week high of $ 612.27.
Costco Wholesale (NASDAQ: COST – Get Rating) last released its earnings results on Thursday, May 26th. The retailer reported $ 3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $ 3.03 by $ 0.01. The company had revenue of $ 52.60 billion during the quarter, compared to the consensus estimate of $ 51.49 billion. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $ 2.75 earnings per share. On average, equities analysts predict that Costco Wholesale Co. will post 13.02 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were given a dividend of $ 0.90 per share. The ex-dividend date was Thursday, April 28th. This is an increase from Costco Wholesale’s previous quarterly dividend of $ 0.79. This represents a $ 3.60 dividend on an annualized basis and a yield of 0.78%. Costco Wholesale’s dividend payout ratio is presently 28.35%.
In other news, EVP Claudine Adamo sold 500 shares of the stock in a transaction on Friday, April 8th. The shares were sold at an average price of $ 602.03, for a total transaction of $ 301,015.00. Following the completion of the sale, the executive vice president now owns 9,939 shares of the company stock, valued at $ 5,983,576.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Agnes Wilderotter purchased 850 shares of the company stock in a transaction on Tuesday, June 7th. The stock was purchased at an average cost of $ 470.74 per share, for a total transaction of $ 400,129.00. Following the purchase, the director now directly owns 11,295 shares in the company, valued at $ 5,317,008.30. The disclosure for this purchase can be found here. Insiders sold a total of 8,998 shares of company stock worth $ 5,278,469 in the last ninety days. Insiders own 0.22% of the company stock.
Costco Wholesale Company Profile: (Get Rating)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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