Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,688 shares of the retailer’s stock after buying an additional 7,008 shares during the quarter. Costco Wholesale comprises 1.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 28th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.05% of Costco Wholesale worth $128,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Costco Wholesale by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 7,372,449 shares of the retailer’s stock worth $4,173,133,000 after purchasing an additional 246,857 shares in the last quarter. Morgan Stanley raised its holdings in shares of Costco Wholesale by 1.5% during the second quarter. Morgan Stanley now owns 6,185,105 shares of the retailer’s stock valued at $2,447,261,000 after acquiring an additional 91,694 shares during the period. Capital World Investors raised its holdings in shares of Costco Wholesale by 0.3% during the third quarter. Capital World Investors now owns 4,900,298 shares of the retailer’s stock valued at $2,201,961,000 after acquiring an additional 15,161 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Costco Wholesale by 4.7% during the fourth quarter. Fisher Asset Management LLC now owns 4,070,600 shares of the retailer’s stock valued at $2,310,880,000 after acquiring an additional 183,387 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Costco Wholesale by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,311,558 shares of the retailer’s stock valued at $1,312,272,000 after acquiring an additional 58,712 shares during the period. Institutional investors own 67.52% of the company’s stock.

In related news, Director Kenneth D. Denman sold 250 shares of the stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $554.67, for a total value of $138,667.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy L. Rose sold 4,000 shares of the stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $566.29, for a total value of $2,265,160.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,248 shares of company stock valued at $5,417,137. Insiders own 0.22% of the company’s stock.

COST has been the topic of a number of recent analyst reports. Raymond James boosted their price target on shares of Costco Wholesale from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Tuesday, April 19th. Tigress Financial boosted their price objective on shares of Costco Wholesale from $520.00 to $678.00 in a research report on Thursday, April 14th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $595.00 price objective on the stock in a research report on Monday, March 21st. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $555.00 to $565.00 in a research report on Thursday, May 5th. Finally, Oppenheimer decreased their target price on shares of Costco Wholesale from $645.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, May 20th. Six analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $566.86.

Shares of NASDAQ:COST traded up $2.40 during mid-day trading on Wednesday, reaching $440.11. The stock had a trading volume of 3,210,849 shares, compared to its average volume of 2,740,247. The company has a current ratio of 1.03, a quick ratio of 0.51 and a debt-to-equity ratio of 0.33. The firm has a market cap of $195.07 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 3.56 and a beta of 0.70. The firm has a 50 day simple moving average of $540.38 and a two-hundred day simple moving average of $531.68. Costco Wholesale Co. has a twelve month low of $375.50 and a twelve month high of $612.27.

Costco Wholesale (NASDAQ:COST – Get Rating) last issued its quarterly earnings results on Thursday, March 3rd. The retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.18. Costco Wholesale had a net margin of 2.62% and a return on equity of 30.10%. The company had revenue of $51.90 billion during the quarter, compared to analysts’ expectations of $51.51 billion. During the same period last year, the business earned $2.14 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that Costco Wholesale Co. will post 13.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were paid a dividend of $0.90 per share. This is an increase 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 0.82%. Costco Wholesale’s payout ratio is presently 29.01%.

Costco Wholesale Company 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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