British Airways Pensions Investment Management Ltd lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 16.8% in the fourth quarter, HoldingsChannel reports. The firm owned 79,882 shares of the retailer’s stock after selling 16,102 shares during the quarter. British Airways Pensions Investment Management Ltd’s holdings in Costco Wholesale were worth $16,286,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Lenox Wealth Management Inc. increased its holdings in Costco Wholesale by 125.9% during the 4th quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock worth $25,000 after purchasing an additional 68 shares during the period. Csenge Advisory Group purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. ERTS Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $30,000. PRW Wealth Management LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $36,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 72.22% of the company’s stock.
Shares of COST opened at $245.87 on Friday. Costco Wholesale Co. has a 1-year low of $182.17 and a 1-year high of $247.09. The firm has a market capitalization of $108.15 billion, a P/E ratio of 32.01, a P/E/G ratio of 3.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.46.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.34. The company had revenue of $35.40 billion during the quarter. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. During the same quarter in the prior year, the company earned $1.59 EPS. As a group, sell-side analysts predict that Costco Wholesale Co. will post 7.9 earnings per share for the current fiscal year.
A number of research firms recently weighed in on COST. Citigroup cut their target price on shares of Costco Wholesale from $257.00 to $238.00 and set a “neutral” rating on the stock in a research note on Sunday, December 9th. Zacks Investment Research downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Wells Fargo & Co lowered their price target on shares of Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating for the company in a report on Friday, December 14th. They noted that the move was a valuation call. Loop Capital dropped their price objective on shares of Costco Wholesale to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 14th. Finally, Oppenheimer dropped their price objective on shares of Costco Wholesale from $262.00 to $240.00 in a research report on Friday, December 14th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $244.86.
In other news, Director John W. Meisenbach purchased 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were bought at an average price of $242.65 per share, with a total value of $727,950.00. Following the completion of the transaction, the director now directly owns 12,833 shares in the company, valued at approximately $3,113,927.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Decker sold 2,049 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $232.00, for a total value of $475,368.00. Following the completion of the sale, the director now owns 48,589 shares of the company’s stock, valued at approximately $11,272,648. The disclosure for this sale can be found here. Insiders sold a total of 8,587 shares of company stock valued at $2,004,576 over the last three months. Company insiders own 0.21% of the company’s stock.
Costco Wholesale 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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