Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 720 shares of the retailer’s stock, valued at approximately $207,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Krane Funds Advisors LLC purchased a new stake in Costco Wholesale in the second quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC purchased a new stake in Costco Wholesale in the second quarter valued at approximately $27,000. Cerebellum GP LLC purchased a new stake in Costco Wholesale in the third quarter valued at approximately $32,000. Thor Advisors LLC purchased a new stake in Costco Wholesale in the first quarter valued at approximately $35,000. Finally, Princeton Global Asset Management LLC lifted its stake in Costco Wholesale by 88.6% in the second quarter. Princeton Global Asset Management LLC now owns 132 shares of the retailer’s stock valued at $35,000 after buying an additional 62 shares during the last quarter. 71.07% of the stock is owned by hedge funds and other institutional investors.
In other Costco Wholesale news, VP Paul G. Moulton sold 5,976 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $298.06, for a total value of $1,781,206.56. Following the completion of the transaction, the vice president now owns 36,010 shares in the company, valued at $10,733,140.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.
A number of equities research analysts have weighed in on COST shares. Wells Fargo & Co boosted their price objective on Costco Wholesale from $240.00 to $290.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. upped their price target on Costco Wholesale from $271.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Loop Capital upped their price target on Costco Wholesale to $330.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. ValuEngine cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Evercore ISI restated a “buy” rating on shares of Costco Wholesale in a research note on Sunday, August 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $293.13.
NASDAQ:COST opened at $297.60 on Friday. The stock has a fifty day moving average price of $290.57 and a two-hundred day moving average price of $266.00. The stock has a market capitalization of $130.57 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 4.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01. Costco Wholesale Co. has a 1 year low of $189.51 and a 1 year high of $307.34.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.54 by $0.15. The firm had revenue of $47.50 billion during the quarter, compared to analysts’ expectations of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. Costco Wholesale’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.36 earnings per share. On average, analysts predict that Costco Wholesale Co. will post 8.6 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 29th. Costco Wholesale’s payout ratio is 31.75%.
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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