Hanson & Doremus Investment Management reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,175 shares of the retailer’s stock after selling 195 shares during the quarter. Costco Wholesale makes up 0.9% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 20th largest position. Hanson & Doremus Investment Management’s holdings in Costco Wholesale were worth $3,285,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in COST. Nuveen Asset Management LLC lifted its stake in shares of Costco Wholesale by 40,778.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock worth $1,261,307,000 after purchasing an additional 4,761,300 shares during the period. Johanson Financial Advisors Inc. grew its holdings in Costco Wholesale by 30,151.3% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,135,330 shares of the retailer’s stock valued at $3,858,000 after buying an additional 1,131,577 shares during the period. Nomura Holdings Inc. purchased a new stake in Costco Wholesale in the 2nd quarter valued at about $159,976,000. Squarepoint Ops LLC grew its holdings in Costco Wholesale by 343.7% in the 3rd quarter. Squarepoint Ops LLC now owns 629,864 shares of the retailer’s stock valued at $181,470,000 after buying an additional 487,907 shares during the period. Finally, Morgan Stanley grew its holdings in Costco Wholesale by 8.8% in the 2nd quarter. Morgan Stanley now owns 3,394,496 shares of the retailer’s stock valued at $897,029,000 after buying an additional 274,845 shares during the period. Institutional investors own 69.85% of the company’s stock.
Several analysts have commented on the company. Robert W. Baird set a $325.00 price target on Costco Wholesale and gave the company a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets restated a “buy” rating and issued a $320.00 price target on shares of Costco Wholesale in a report on Friday, December 13th. Edward Jones cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Nomura restated a “hold” rating and issued a $300.00 price target on shares of Costco Wholesale in a report on Monday, January 6th. Finally, Raymond James lifted their price target on Costco Wholesale from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. Costco Wholesale currently has an average rating of “Hold” and an average target price of $300.00.
COST traded up $1.63 during trading on Thursday, hitting $303.13. The company had a trading volume of 63,716 shares, compared to its average volume of 1,879,436. The company has a market cap of $132.42 billion, a PE ratio of 37.02, a P/E/G ratio of 4.30 and a beta of 0.89. The business has a 50-day moving average of $295.32 and a 200-day moving average of $289.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.49. Costco Wholesale Co. has a 1-year low of $205.75 and a 1-year high of $307.34.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 12th. The retailer reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. The firm had revenue of $37.04 billion for the quarter, compared to analysts’ expectations of $37.40 billion. Costco Wholesale had a net margin of 2.42% and a return on equity of 24.22%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 earnings per share. Research analysts forecast that Costco Wholesale Co. will post 8.59 earnings per share for the current year.
In other Costco Wholesale news, insider Daniel M. Hines sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $298.46, for a total transaction of $1,492,300.00. Following the sale, the insider now directly owns 22,277 shares of the company’s stock, valued at approximately $6,648,793.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan L. Decker sold 1,703 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $303.01, for a total transaction of $516,026.03. Following the sale, the director now directly owns 38,432 shares in the company, valued at $11,645,280.32. The disclosure for this sale can be found here. Insiders sold 35,313 shares of company stock worth $10,591,657 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.
About Costco Wholesale
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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