Bronfman E.L. Rothschild L.P. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,029 shares of the retailer’s stock after selling 320 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Costco Wholesale were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lenox Wealth Management Inc. grew its stake in Costco Wholesale by 125.9% during the 4th quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock valued at $25,000 after acquiring an additional 68 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. ERTS Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $30,000. PRW Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $36,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $37,000. Institutional investors own 72.22% of the company’s stock.
Costco Wholesale stock traded up $2.38 during mid-day trading on Wednesday, reaching $247.96. 939,352 shares of the company’s stock were exchanged, compared to its average volume of 2,069,809. The firm has a market cap of $108.03 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 3.47 and a beta of 0.95. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $248.70. The company has a quick ratio of 0.46, a current ratio of 0.96 and a debt-to-equity ratio of 0.34.
Several research firms have recently weighed in on COST. Nomura began coverage on shares of Costco Wholesale in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $230.00 price target for the company. Barclays reissued a “hold” rating and issued a $225.00 price target on shares of Costco Wholesale in a research note on Wednesday, January 9th. JPMorgan Chase & Co. increased their price target on shares of Costco Wholesale to $248.00 and gave the company an “overweight” rating in a research note on Friday, March 8th. Deutsche Bank set a $225.00 price target on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Friday, March 8th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $270.00 price target (up previously from $250.00) on shares of Costco Wholesale in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $248.95.
In other news, Director Susan L. Decker sold 2,350 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $240.00, for a total value of $564,000.00. Following the sale, the director now directly owns 46,239 shares in the company, valued at approximately $11,097,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $242.65 per share, for a total transaction of $727,950.00. Following the completion of the transaction, the director now directly owns 12,833 shares in the company, valued at $3,113,927.45. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 8,587 shares of company stock worth $2,004,576. 0.21% of the stock is owned by company insiders.
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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