Costco Wholesale Corporation $COST Shares Bought by B. Metzler seel. Sohn & Co. AG
by Renee Jackson · The Cerbat GemB. Metzler seel. Sohn & Co. AG lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,338 shares of the retailer’s stock after buying an additional 6,101 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Costco Wholesale were worth $52,337,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bosun Asset Management LLC boosted its position in shares of Costco Wholesale by 1.6% in the fourth quarter. Bosun Asset Management LLC now owns 636 shares of the retailer’s stock worth $583,000 after acquiring an additional 10 shares during the last quarter. Corps Capital Advisors LLC raised its stake in shares of Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after acquiring an additional 10 shares during the period. Covestor Ltd raised its stake in shares of Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. Rooted Wealth Advisors Inc. raised its stake in shares of Costco Wholesale by 2.6% in the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock valued at $404,000 after acquiring an additional 11 shares during the period. Finally, Bank & Trust Co raised its stake in shares of Costco Wholesale by 20.4% in the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock valued at $61,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Trading Down 0.0%
Shares of COST stock opened at $941.34 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a 1 year low of $867.16 and a 1 year high of $1,078.23. The stock has a fifty day moving average of $968.27 and a two-hundred day moving average of $983.59. The firm has a market capitalization of $417.46 billion, a PE ratio of 53.39, a price-to-earnings-growth ratio of 5.85 and a beta of 0.96.
Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.The company had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.
Costco Wholesale Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s payout ratio is currently 29.50%.
Analysts Set New Price Targets
COST has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Morgan Stanley increased their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research report on Thursday, May 29th. Finally, Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,050.00.
Get Our Latest Stock Report on Costco Wholesale
Insider Buying and Selling
In related news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the completion of the sale, the executive vice president directly owned 8,210 shares in the company, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the sale, the executive vice president owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. This represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,147 shares of company stock worth $10,067,740. 0.18% of the stock is owned by corporate insiders.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
Further Reading
- Five stocks we like better than Costco Wholesale
- The Risks of Owning Bonds
- MP Materials: How One Move Redefined the U.S. Magnet Supply Chain
- Best Energy Stocks – Energy Stocks to Buy Now
- Overlooked Analyst-Approved Dividend Plays You Can Count On
- 3 REITs to Buy and Hold for the Long Term
- As Trump Blocks Clean Energy, What’s Next for Renewables?
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:COST – Free Report).