Steginsky Capital LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,270 shares of the retailer’s stock after selling 1,046 shares during the period. Costco Wholesale comprises approximately 20.4% of Steginsky Capital LLC’s holdings, making the stock its largest holding. Steginsky Capital LLC’s holdings in Costco Wholesale were worth $22,662,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. CENTRAL TRUST Co raised its holdings in Costco Wholesale by 1.0% in the 4th quarter. CENTRAL TRUST Co now owns 26,520 shares of the retailer’s stock valued at $4,936,000 after acquiring an additional 265 shares in the last quarter. Fiduciary Trust Co. raised its holdings in shares of Costco Wholesale by 3.0% in the 4th quarter. Fiduciary Trust Co. now owns 9,116 shares of the retailer’s stock worth $1,696,000 after buying an additional 265 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Costco Wholesale by 2.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,065 shares of the retailer’s stock worth $2,462,000 after buying an additional 265 shares in the last quarter. Boston Financial Mangement LLC raised its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. Boston Financial Mangement LLC now owns 107,714 shares of the retailer’s stock worth $20,048,000 after buying an additional 288 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of Costco Wholesale by 2.2% in the 4th quarter. Fulton Bank N.A. now owns 13,566 shares of the retailer’s stock worth $2,525,000 after buying an additional 290 shares in the last quarter. 71.49% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Russell D. Miller sold 12,393 shares of the firm’s stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $194.12, for a total value of $2,405,729.16. Following the transaction, the insider now directly owns 1 shares in the company, valued at approximately $194.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $191.31, for a total value of $573,930.00. Following the completion of the transaction, the director now owns 8,654 shares in the company, valued at $1,655,596.74. The disclosure for this sale can be found here. Insiders sold a total of 62,067 shares of company stock worth $11,700,142 over the last quarter. Corporate insiders own 0.74% of the company’s stock.
Shares of Costco Wholesale opened at $198.36 on Friday, according to Marketbeat. The firm has a market capitalization of $87.04 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 2.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 1.00. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $201.77.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). The firm had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 earnings per share. analysts forecast that Costco Wholesale Co. will post 6.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, May 10th. Costco Wholesale’s dividend payout ratio (DPR) is presently 39.18%.
A number of equities analysts have recently issued reports on the company. Argus increased their target price on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price for the company in a report on Monday, February 5th. BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, March 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $205.00 target price (down from $209.00) on shares of Costco Wholesale in a report on Thursday, March 8th. Finally, Wells Fargo & Co raised Costco Wholesale from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $191.42 to $188.91 in a report on Monday, April 16th. Eight analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and an average price target of $193.37.
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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