Costco Wholesale Corporation $COST Shares Purchased by Baxter Bros Inc.

Baxter Bros Inc. grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 16.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,512 shares of the retailer’s stock after acquiring an additional 771 shares during the period. Baxter Bros Inc.’s holdings in Costco Wholesale were worth $5,102,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COST. Bulwark Capital Corp acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at $25,000. Soundwatch Capital LLC raised its holdings in shares of Costco Wholesale by 635.7% during the second quarter. Soundwatch Capital LLC now owns 2,553 shares of the retailer’s stock worth $25,000 after acquiring an additional 2,206 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Costco Wholesale during the second quarter valued at $31,000. Anderson Financial Strategies LLC boosted its position in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares during the last quarter. Finally, Financial Connections Group Inc. grew its stake in Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after purchasing an additional 39 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the completion of the transaction, the executive vice president directly owned 6,851 shares in the company, valued at $6,410,343.68. The trade was a 28.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Richard Wilcox sold 2,400 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $930.13, for a total transaction of $2,232,312.00. Following the completion of the sale, the executive vice president owned 2,000 shares in the company, valued at approximately $1,860,260. The trade was a 54.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,720 shares of company stock valued at $9,010,257. Corporate insiders own 0.10% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $854.79 on Wednesday. The company has a market capitalization of $379.42 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 5.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 0.53. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,078.23. The company’s fifty day moving average price is $906.34 and its 200 day moving average price is $941.42.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.07. The company had revenue of $67.31 billion during the quarter, compared to analysts’ expectations of $67.03 billion. Costco Wholesale had a net margin of 2.96% and a return on equity of 29.35%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $4.04 earnings per share. As a group, analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 27.85%.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of recent research reports. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 12th. Raymond James Financial cut their price objective on shares of Costco Wholesale from $1,070.00 to $1,000.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Wells Fargo & Company decreased their target price on shares of Costco Wholesale from $1,000.00 to $900.00 and set an “equal weight” rating for the company in a research report on Friday. Evercore ISI dropped their price target on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, HSBC reduced their price objective on shares of Costco Wholesale from $1,060.00 to $1,045.00 and set a “hold” rating for the company in a research note on Friday, December 12th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $987.58.

Get Our Latest Stock Report on Costco Wholesale

More Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

See Also

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COSTFree Report).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.