WINTON GROUP Ltd increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 63.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,984 shares of the retailer’s stock after purchasing an additional 1,155 shares during the period. WINTON GROUP Ltd’s holdings in Costco Wholesale were worth $562,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Assetmark Inc. grew its holdings in Costco Wholesale by 137.0% during the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock worth $105,000 after purchasing an additional 326 shares during the period. Well Done LLC bought a new position in Costco Wholesale during the first quarter worth about $109,000. Smart Portfolios LLC bought a new position in Costco Wholesale during the first quarter worth about $113,000. American Beacon Advisors Inc. bought a new position in Costco Wholesale during the fourth quarter worth about $120,000. Finally, Trustcore Financial Services LLC bought a new position in Costco Wholesale during the fourth quarter worth about $128,000. Institutional investors and hedge funds own 71.36% of the company’s stock.
In other Costco Wholesale news, VP Timothy L. Rose sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $205.19, for a total transaction of $512,975.00. Following the completion of the transaction, the vice president now directly owns 20,403 shares in the company, valued at $4,186,491.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Russell D. Miller sold 12,393 shares of the business’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $194.12, for a total transaction of $2,405,729.16. Following the transaction, the insider now owns 1 shares of the company’s stock, valued at $194.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,884 shares of company stock valued at $7,805,926. 0.74% of the stock is owned by company insiders.
A number of research firms recently commented on COST. JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, June 1st. Telsey Advisory Group boosted their price objective on Costco Wholesale from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, June 1st. Susquehanna Bancshares restated a “positive” rating on shares of Costco Wholesale in a report on Thursday, June 7th. Robert W. Baird boosted their price objective on Costco Wholesale from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, June 7th. Finally, Loop Capital started coverage on Costco Wholesale in a report on Wednesday, May 16th. They set a “buy” rating and a $224.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Costco Wholesale has an average rating of “Buy” and an average price target of $200.29.
Costco Wholesale opened at $207.12 on Thursday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $212.46. The company has a market capitalization of $90.83 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 31st. The retailer reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The company had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $31.89 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. sell-side analysts anticipate that Costco Wholesale Co. will post 6.76 earnings per share for the current year.
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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