Costco Wholesale Co. (NASDAQ:COST) Holdings Raised by Platte River Wealth Advisors LLC


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Platte River Wealth Advisors LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 10.7% in the first quarter, Holdings Channel.com reports. The fund owned 1,037 shares of the retailer’s stock after buying an additional 100 shares during the period. Platte River Wealth Advisors LLC’s holdings in Costco Wholesale were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brasada Capital Management LP grew its stake in Costco Wholesale by 1.0% during the 3rd quarter. Brasada Capital Management LP now owns 18,696 shares of the retailer’s stock worth $6,637,000 after buying an additional 191 shares during the last quarter. United Bank lifted its holdings in shares of Costco Wholesale by 2.6% during the third quarter. United Bank now owns 4,819 shares of the retailer’s stock valued at $1,711,000 after purchasing an additional 124 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Costco Wholesale by 3.2% during the third quarter. Great West Life Assurance Co. Can now owns 497,867 shares of the retailer’s stock valued at $176,712,000 after purchasing an additional 15,262 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $8,400,000. Finally, IHT Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 2.0% during the third quarter. IHT Wealth Management LLC now owns 6,202 shares of the retailer’s stock valued at $2,202,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.

In other news, Director Susan L. Decker sold 694 shares of the business’s stock in a transaction dated Wednesday, January 27th. The stock was sold at an average price of $363.35, for a total value of $252,164.90. Following the sale, the director now directly owns 19,047 shares in the company, valued at $6,920,727.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 1,199 shares of the business’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $366.48, for a total value of $439,409.52. Following the completion of the sale, the director now owns 20,100 shares in the company, valued at $7,366,248. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,193 shares of company stock valued at $2,129,064. Corporate insiders own 0.22% of the company’s stock.

Several research firms recently weighed in on COST. The Goldman Sachs Group upped their price target on Costco Wholesale from $377.00 to $415.00 and gave the company a “buy” rating in a research report on Thursday, April 8th. Royal Bank of Canada dropped their price target on Costco Wholesale from $435.00 to $399.00 and set an “outperform” rating on the stock in a research report on Thursday, March 11th. Robert W. Baird dropped their price target on Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating on the stock in a research report on Thursday, March 11th. Stifel Nicolaus upped their price target on Costco Wholesale from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, April 8th. Finally, Telsey Advisory Group dropped their price target on Costco Wholesale from $430.00 to $375.00 and set an “outperform” rating on the stock in a research report on Friday, March 5th. Eight analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $383.72.

Costco Wholesale stock traded down $0.02 on Tuesday, reaching $364.79. 63,856 shares of the stock were exchanged, compared to its average volume of 3,008,498. The company has a current ratio of 0.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.49. Costco Wholesale Co. has a twelve month low of $293.84 and a twelve month high of $393.15. The firm has a fifty day moving average price of $339.33 and a two-hundred day moving average price of $360.94. The stock has a market cap of $161.43 billion, a PE ratio of 37.45, a PEG ratio of 4.17 and a beta of 0.66.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.31). The company had revenue of $44.77 billion during the quarter, compared to analyst estimates of $43.71 billion. Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 EPS. Equities analysts anticipate that Costco Wholesale Co. will post 9.95 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Friday, February 5th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, February 4th. This represents a $2.80 annualized dividend and a dividend yield of 0.77%. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.64%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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