Veracity Capital LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ: COST – Get Rating) by 13.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 671 shares of the retailer’s stock after selling 107 shares during the period. Veracity Capital LLC’s holdings in Costco Wholesale were worth $ 386,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in COST. Studio Investment Management LLC bought a new position in shares of Costco Wholesale during the third quarter valued at $ 241,000. Neville Rodie & Shaw Inc. raised its stake in shares of Costco Wholesale by 3.4% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 36,168 shares of the retailer’s stock valued at $ 20,533,000 after acquiring an additional 1,194 shares during the last quarter. IMS Capital Management raised its stake in shares of Costco Wholesale by 12.5% during the fourth quarter. IMS Capital Management now owns 1,435 shares of the retailer’s stock valued at $ 815,000 after acquiring an additional 160 shares during the last quarter. Capital Investment Services of America Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $ 227,000. Finally, Hollencrest Capital Management increased its position in shares of Costco Wholesale by 2.3% during the fourth quarter. Hollencrest Capital Management now owns 8,183 shares of the retailer’s stock worth $ 4,646,000 after buying an additional 184 shares during the period. 67.52% of the stock is owned by hedge funds and other institutional investors.
In other news, VP James P. Murphy sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $ 464.00, for a total value of $ 1,160,000.00. Following the sale, the vice president now owns 37,730 shares of the company stock, valued at $ 17,506,720. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 500 shares of the business’s stock in a transaction that occurred 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 directly owns 9,939 shares in the company, valued at approximately $ 5,983,576.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,498 shares of company stock worth $ 4,173,309. Insiders own 0.22% of the company stock.
COST opened at $ 468.61 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. The company 50-day moving average is $ 487.55 and its 200 day moving average is $ 520.74. Costco Wholesale Co. has a fifty-two week low of $ 393.88 and a fifty-two week high of $ 612.27. The firm has a market capitalization of $ 207.58 billion, a P / E ratio of 36.90, a PEG ratio of 4.05 and a beta of 0.71.
Costco Wholesale (NASDAQ: COST – Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The retailer reported $ 3.04 EPS for the quarter, topping the consensus estimate of $ 3.03 by $ 0.01. The business had revenue of $ 52.60 billion for the quarter, compared to analyst estimates of $ 51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The company revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $ 2.75 earnings per share. On average, equities research analysts expect that Costco Wholesale Co. will post 13.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were given a $ 0.90 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $ 0.79. The ex-dividend date was Thursday, April 28th. This represents a $ 3.60 annualized dividend and a yield of 0.77%. Costco Wholesale’s payout ratio is currently 28.35%.
Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $ 555.00 to $ 565.00 in a research report on Thursday, May 5th. Oppenheimer increased their price objective on shares of Costco Wholesale to $ 525.00 in a research report on Friday, June 3rd. Telsey Advisory Group decreased their price objective on shares of Costco Wholesale from $ 615.00 to $ 590.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Tigress Financial raised their price target on shares of Costco Wholesale from $ 520.00 to $ 678.00 in a report on Thursday, April 14th. Finally, Credit Suisse Group reduced their price target on shares of Costco Wholesale from $ 570.00 to $ 550.00 and set a “neutral” rating for the company in a report on Friday, May 27th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $ 569.56.
Costco Wholesale 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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