Costco Wholesale Co. (COST) Holdings Lifted by Accurate Investment Solutions Inc.
Accurate Investment Solutions Inc. increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 200.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,848 shares of the retailer’s stock after buying an additional 12,581 shares during the period. Costco Wholesale accounts for about 3.5% of Accurate Investment Solutions Inc.’s holdings, making the stock its 10th largest holding. Accurate Investment Solutions Inc.’s holdings in Costco Wholesale were worth $3,839,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Stock Yards Bank & Trust Co. grew its position in shares of Costco Wholesale by 3.2% during the third quarter. Stock Yards Bank & Trust Co. now owns 53,460 shares of the retailer’s stock valued at $12,556,000 after purchasing an additional 1,648 shares in the last quarter. Orleans Capital Management Corp LA raised its stake in shares of Costco Wholesale by 5.5% during the second quarter. Orleans Capital Management Corp LA now owns 14,785 shares of the retailer’s stock valued at $3,090,000 after acquiring an additional 765 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Costco Wholesale by 13.2% during the second quarter. Advisors Asset Management Inc. now owns 70,250 shares of the retailer’s stock valued at $14,681,000 after acquiring an additional 8,173 shares in the last quarter. Coe Capital Management LLC raised its stake in Costco Wholesale by 4.2% in the third quarter. Coe Capital Management LLC now owns 10,930 shares of the retailer’s stock worth $2,567,000 after buying an additional 440 shares in the last quarter. Finally, MAI Capital Management raised its stake in Costco Wholesale by 3.2% in the second quarter. MAI Capital Management now owns 33,295 shares of the retailer’s stock worth $6,958,000 after buying an additional 1,048 shares in the last quarter. Institutional investors own 70.60% of the company’s stock.
COST has been the subject of a number of analyst reports. Wells Fargo & Co downgraded shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 price objective for the company. in a research report on Friday, September 14th. BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 15th. Barclays cut shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and set a $240.00 price objective for the company. in a research report on Monday, September 17th. Zacks Investment Research lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Monday, September 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Costco Wholesale from $227.00 to $255.00 and gave the company an “overweight” rating in a report on Monday, September 17th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $239.46.
Shares of NASDAQ COST traded down $0.14 during mid-day trading on Friday, reaching $210.50. The company had a trading volume of 148,459 shares, compared to its average volume of 2,884,531. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.48. The firm has a market capitalization of $92.46 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 2.75 and a beta of 0.99. Costco Wholesale Co. has a 12-month low of $175.79 and a 12-month high of $245.16.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 13th. The retailer reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.01). Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. The firm had revenue of $34.31 billion during the quarter, compared to analyst estimates of $34.66 billion. During the same quarter in the prior year, the company posted $1.45 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Costco Wholesale Co. will post 7.64 EPS for the current year.
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.
Further Reading: Analyst Ratings
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