Bokf Na Sells 653 Shares of Costco Wholesale Co. (NASDAQ:COST)

BOKF NA lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,288 shares of the retailer’s stock after selling 653 shares during the period. BOKF NA’s holdings in Costco Wholesale were worth $6,578,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COST. Lenox Wealth Management Inc. grew its holdings in shares of Costco Wholesale by 125.9% during the fourth quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock worth $25,000 after purchasing an additional 68 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Costco Wholesale during the third quarter worth about $29,000. Essex Investment Management Co. LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $37,000. Evolution Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $41,000. Finally, Mackey Komara & Dankovich LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 72.22% of the company’s stock.

COST traded up $0.25 during trading on Friday, hitting $245.81. The company’s stock had a trading volume of 1,365,116 shares, compared to its average volume of 1,601,557. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $247.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.96. The firm has a market cap of $108.13 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 3.47 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $2.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.34. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. The firm had revenue of $35.40 billion for the quarter. During the same period last year, the firm posted $1.59 earnings per share. Research analysts predict that Costco Wholesale Co. will post 7.9 EPS for the current fiscal year.

In other news, Director Susan L. Decker sold 2,049 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $232.00, for a total transaction of $475,368.00. Following the transaction, the director now directly owns 48,589 shares of the company’s stock, valued at $11,272,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard A. Galanti sold 4,188 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $230.47, for a total value of $965,208.36. Following the transaction, the vice president now directly owns 30,082 shares in the company, valued at $6,932,998.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,587 shares of company stock worth $2,004,576. Insiders own 0.21% of the company’s stock.

Several research firms have recently weighed in on COST. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price target (up from $250.00) on shares of Costco Wholesale in a report on Tuesday, April 9th. Stifel Nicolaus boosted their price target on Costco Wholesale from $247.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Oppenheimer boosted their price target on Costco Wholesale from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday. Nomura boosted their price target on Costco Wholesale from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Loop Capital boosted their price target on Costco Wholesale from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $248.00.

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About Costco Wholesale

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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