Costco Wholesale Co. (NASDAQ:COST) Position Reduced by Hodges Capital Management Inc.

Hodges Capital Management Inc. trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,131 shares of the retailer’s stock after selling 604 shares during the quarter. Hodges Capital Management Inc.’s holdings in Costco Wholesale were worth $1,490,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in COST. BKD Wealth Advisors LLC lifted its holdings in shares of Costco Wholesale by 20.8% during the 2nd quarter. BKD Wealth Advisors LLC now owns 1,435 shares of the retailer’s stock valued at $300,000 after purchasing an additional 247 shares in the last quarter. Hills Bank & Trust Co. lifted its stake in Costco Wholesale by 4.2% in the 2nd quarter. Hills Bank & Trust Co. now owns 6,328 shares of the retailer’s stock valued at $1,322,000 after acquiring an additional 254 shares in the last quarter. CNB Bank lifted its stake in Costco Wholesale by 17.2% in the 1st quarter. CNB Bank now owns 1,775 shares of the retailer’s stock valued at $335,000 after acquiring an additional 261 shares in the last quarter. Nwam LLC lifted its stake in Costco Wholesale by 1.5% in the 2nd quarter. Nwam LLC now owns 18,251 shares of the retailer’s stock valued at $3,814,000 after acquiring an additional 264 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Costco Wholesale by 2.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,065 shares of the retailer’s stock valued at $2,462,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

NASDAQ COST traded up $2.07 on Friday, reaching $220.31. The stock had a trading volume of 2,821,826 shares, compared to its average volume of 1,843,513. The firm has a market cap of $95.71 billion, a price-to-earnings ratio of 37.85, a P/E/G ratio of 2.71 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47. Costco Wholesale Co. has a 1-year low of $150.06 and a 1-year high of $225.48.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 31st. The retailer reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. The firm had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $31.89 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.16%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. equities analysts anticipate that Costco Wholesale Co. will post 6.77 earnings per share for the current fiscal year.

COST has been the topic of several research reports. Gordon Haskett cut Costco Wholesale from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 25th. Loop Capital assumed coverage on Costco Wholesale in a research note on Wednesday, May 16th. They set a “buy” rating and a $224.00 price objective on the stock. Citigroup upped their price objective on Costco Wholesale from $217.00 to $222.00 and gave the stock a “buy” rating in a research note on Friday, June 1st. Argus upped their price objective on Costco Wholesale from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Finally, ValuEngine upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Costco Wholesale presently has a consensus rating of “Buy” and an average target price of $206.74.

In related news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $218.65, for a total transaction of $655,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James P. Murphy sold 15,000 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $219.22, for a total value of $3,288,300.00. Following the sale, the vice president now owns 33,834 shares of the company’s stock, valued at $7,417,089.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,491 shares of company stock valued at $8,754,977. Corporate insiders own 0.74% of the company’s stock.

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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