Capital International Sarl Acquires 2,484 Shares of Costco Wholesale Co. (NASDAQ:COST)

Capital International Sarl grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,209 shares of the retailer’s stock after purchasing an additional 2,484 shares during the quarter. Capital International Sarl’s holdings in Costco Wholesale were worth $5,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COST. Trust Co. of Toledo NA OH boosted its position in shares of Costco Wholesale by 1.2% during the 4th quarter. Trust Co. of Toledo NA OH now owns 2,786 shares of the retailer’s stock valued at $818,000 after acquiring an additional 34 shares in the last quarter. Doyle Wealth Management boosted its stake in shares of Costco Wholesale by 1.8% in the 4th quarter. Doyle Wealth Management now owns 1,904 shares of the retailer’s stock valued at $560,000 after purchasing an additional 34 shares in the last quarter. Bernicke Wealth Management Ltd. boosted its stake in shares of Costco Wholesale by 0.8% in the 4th quarter. Bernicke Wealth Management Ltd. now owns 4,567 shares of the retailer’s stock valued at $1,342,000 after purchasing an additional 35 shares in the last quarter. Jacobi Capital Management LLC boosted its position in Costco Wholesale by 14.9% during the 4th quarter. Jacobi Capital Management LLC now owns 285 shares of the retailer’s stock worth $84,000 after buying an additional 37 shares during the period. Finally, Bangor Savings Bank boosted its position in Costco Wholesale by 3.8% during the 4th quarter. Bangor Savings Bank now owns 1,092 shares of the retailer’s stock worth $321,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 70.23% of the company’s stock.

In related news, Director Susan L. Decker sold 3,850 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $300.41, for a total value of $1,156,578.50. Following the transaction, the director now directly owns 34,582 shares of the company’s stock, valued at approximately $10,388,778.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard A. Galanti sold 1,448 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $306.51, for a total transaction of $443,826.48. Following the completion of the transaction, the chief financial officer now directly owns 23,967 shares in the company, valued at $7,346,125.17. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

COST has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on shares of Costco Wholesale from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Nomura lifted their price objective on shares of Costco Wholesale from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. UBS Group boosted their price target on shares of Costco Wholesale from $335.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Oppenheimer upgraded shares of Costco Wholesale to a “buy” rating and set a $335.00 price target for the company in a research note on Thursday, March 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $315.42.

COST traded up $4.75 during mid-day trading on Thursday, reaching $285.61. 2,682,346 shares of the stock were exchanged, compared to its average volume of 5,653,353. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 1.04. The stock has a market capitalization of $125.82 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.90 and a beta of 0.91. The company has a 50 day moving average price of $306.29 and a two-hundred day moving average price of $299.64. Costco Wholesale Co. has a 1 year low of $233.05 and a 1 year high of $325.26.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 5th. The retailer reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.04. The firm had revenue of $39.10 billion for the quarter, compared to the consensus estimate of $38.26 billion. Costco Wholesale had a net margin of 2.39% and a return on equity of 23.41%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.01 EPS. Sell-side analysts expect that Costco Wholesale Co. will post 8.72 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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