Two Sigma Advisers LP boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 120.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 754,195 shares of the retailer’s stock after purchasing an additional 412,400 shares during the quarter. Two Sigma Advisers LP owned about 0.17% of Costco Wholesale worth $153,637,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. lifted its holdings in shares of Costco Wholesale by 125.9% in the 4th quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock valued at $25,000 after buying an additional 68 shares during the period. Csenge Advisory Group acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. ERTS Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $30,000. PRW Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $36,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $37,000. Institutional investors own 72.21% of the company’s stock.
In related news, Director Susan L. Decker sold 2,049 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $232.00, for a total value of $475,368.00. Following the completion of the sale, the director now owns 48,589 shares in the company, valued at $11,272,648. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Richard A. Galanti sold 4,188 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $230.47, for a total transaction of $965,208.36. Following the sale, the vice president now owns 30,082 shares of the company’s stock, valued at $6,932,998.54. The disclosure for this sale can be found here. Insiders have sold 8,587 shares of company stock valued at $2,004,576 in the last quarter. Insiders own 0.21% of the company’s stock.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $35.40 billion for the quarter. During the same period in the previous year, the business posted $1.59 EPS. As a group, research analysts predict that Costco Wholesale Co. will post 7.9 EPS for the current year.
Several brokerages recently weighed in on COST. Nomura began coverage on 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 reiterated a “hold” rating and set a $225.00 price objective on shares of Costco Wholesale in a research note on Wednesday, January 9th. JPMorgan Chase & Co. boosted their price objective on Costco Wholesale to $248.00 and gave the stock an “overweight” rating in a research note on Friday, March 8th. Deutsche Bank set a $225.00 price target on Costco Wholesale and gave the company a “hold” rating in a research report on Friday, March 8th. Finally, Robert W. Baird upped their price target on Costco Wholesale from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday. Seven 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $248.95.
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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