Crestwood Advisors Group LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 81,249 shares of the retailer’s stock after selling 1,742 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Costco Wholesale were worth $30,613,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Bellwether Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth $37,000. DB Wealth Management Group LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth $38,000. Horan Capital Advisors LLC. bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $39,000. Key Financial Inc purchased a new position in Costco Wholesale in the 4th quarter worth $41,000. Finally, Adams Wealth Management purchased a new position in Costco Wholesale in the 3rd quarter worth $47,000. 67.21% of the stock is owned by institutional investors.
A number of equities analysts recently commented on COST shares. Raymond James lifted their target price on shares of Costco Wholesale from $365.00 to $405.00 and gave the stock an “outperform” rating in a research report on Friday, November 13th. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $385.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, December 11th. Bank of America reiterated a “buy” rating and issued a $422.00 target price on shares of Costco Wholesale in a research report on Wednesday, December 2nd. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 target price on the stock in a research report on Tuesday, February 2nd. Finally, Robert W. Baird lifted their target price on shares of Costco Wholesale from $375.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Eleven analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $386.08.
Shares of COST traded down $4.06 during trading hours on Tuesday, reaching $346.15. 100,451 shares of the company traded hands, compared to its average volume of 2,419,829. The company’s fifty day moving average price is $359.83 and its two-hundred day moving average price is $361.79. The company has a market capitalization of $153.33 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 4.17 and a beta of 0.66. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. Costco Wholesale Co. has a 12 month low of $271.28 and a 12 month high of $393.15.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, December 9th. The retailer reported $2.29 EPS for the quarter, topping the consensus estimate of $2.05 by $0.24. Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The business had revenue of $43.21 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Costco Wholesale’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts expect that Costco Wholesale Co. will post 9.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Friday, February 5th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, February 4th. Costco Wholesale’s payout ratio is currently 31.64%.
About Costco Wholesale
Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.
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