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.
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.
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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