Brinker Capital Inc. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 37.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,083 shares of the retailer’s stock after selling 654 shares during the quarter. Brinker Capital Inc.’s holdings in Costco Wholesale were worth $221,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. Oregon Public Employees Retirement Fund grew its holdings in shares of Costco Wholesale by 20,897.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,652,688 shares of the retailer’s stock valued at $165,000 after buying an additional 33,492,419 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Costco Wholesale by 55,048.5% during the third quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock valued at $1,292,998,000 after buying an additional 5,494,946 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Costco Wholesale by 258.8% during the third quarter. AQR Capital Management LLC now owns 2,125,078 shares of the retailer’s stock valued at $499,138,000 after buying an additional 1,532,770 shares during the last quarter. Capital World Investors lifted its position in Costco Wholesale by 12.0% during the third quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock valued at $2,327,223,000 after purchasing an additional 1,064,167 shares during the period. Finally, BlackRock Inc. lifted its position in Costco Wholesale by 2.6% during the fourth quarter. BlackRock Inc. now owns 28,778,155 shares of the retailer’s stock valued at $5,862,398,000 after purchasing an additional 736,711 shares during the period. 72.22% of the stock is currently owned by institutional investors and hedge funds.
COST has been the subject of a number of research reports. Bank of America set a $255.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Friday, March 8th. TheStreet downgraded shares of Costco Wholesale from an “a” rating to a “c” rating in a research report on Wednesday, January 16th. Raymond James boosted their target price on shares of Costco Wholesale from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Evercore ISI started coverage on shares of Costco Wholesale in a research report on Wednesday, March 20th. They set an “outperform” rating and a $260.00 target price for the company. Finally, Morgan Stanley set a $220.00 price objective on shares of Costco Wholesale and gave the stock a “hold” rating in a research report on Friday, March 8th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Costco Wholesale has a consensus rating of “Buy” and an average price target of $248.95.
Shares of Costco Wholesale stock traded up $2.38 during mid-day trading on Wednesday, hitting $247.96. The stock had a trading volume of 939,352 shares, compared to its average volume of 2,069,809. Costco Wholesale Co. has a 12-month low of $189.51 and a 12-month high of $248.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.46. The stock has a market cap of $108.03 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 3.47 and a beta of 0.95.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.34. The firm had revenue of $35.40 billion during the quarter. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. During the same period in the previous year, the business posted $1.59 EPS. Equities analysts expect that Costco Wholesale Co. will post 7.9 earnings per share for the current fiscal year.
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Costco Wholesale Company 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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