Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Arjuna Capital

Arjuna Capital lifted its position in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,877 shares of the retailer’s stock after purchasing an additional 499 shares during the period. Costco Wholesale comprises about 1.8% of Arjuna Capital’s portfolio, making the stock its 13th biggest holding. Arjuna Capital’s holdings in Costco Wholesale were worth $5,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. Evolution Advisers Inc. acquired a new position in Costco Wholesale during the fourth quarter worth $28,000. PSI Advisors LLC acquired a new position in Costco Wholesale during the third quarter worth $37,000. Consolidated Planning Corp acquired a new position in Costco Wholesale during the third quarter worth $41,000. AHL Investment Management Inc. acquired a new position in Costco Wholesale during the fourth quarter worth $43,000. Finally, Cranbrook Wealth Management LLC raised its position in Costco Wholesale by 24.4% during the third quarter. Cranbrook Wealth Management LLC now owns 102 shares of the retailer’s stock worth $46,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 67.52% of the company’s stock.

A number of research firms have recently issued reports on COST. Deutsche Bank Aktiengesellschaft upped their target price on shares of Costco Wholesale from $491.00 to $527.00 in a report on Thursday, April 7th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $595.00 target price for the company in a report on Monday, March 21st. Credit Suisse Group reaffirmed a “hold” rating and set a $570.00 target price on shares of Costco Wholesale in a report on Friday, March 4th. Evercore ISI upped their target price on shares of Costco Wholesale from $605.00 to $610.00 in a report on Thursday, April 7th. Finally, Oppenheimer upped their target price on shares of Costco Wholesale from $620.00 to $645.00 and gave the stock an “outperform” rating in a report on Thursday, April 7th. Six research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $572.11.

In related news, EVP Claudine Adamo sold 500 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $602.03, for a total value of $301,015.00. Following the sale, the executive vice president now owns 9,939 shares of the company’s stock, valued at $5,983,576.17. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel M. Hines sold 4,498 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $603.00, for a total transaction of $2,712,294.00. Following the completion of the sale, the insider now directly owns 13,108 shares in the company, valued at approximately $7,904,124. The disclosure for this sale can be found here. Insiders have sold 9,248 shares of company stock worth $5,417,137 in the last three months. Corporate insiders own 0.22% of the company’s stock.

Shares of COST traded down $6.47 during mid-day trading on Thursday, hitting $422.93. 5,799,715 shares of the company’s stock were exchanged, compared to its average volume of 2,692,390. The company has a market cap of $187.45 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 4.16 and a beta of 0.70. Costco Wholesale Co. has a fifty-two week low of $375.50 and a fifty-two week high of $612.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.51 and a current ratio of 1.03. The stock’s 50-day moving average is $551.28 and its 200-day moving average is $534.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last issued its quarterly earnings results on Thursday, March 3rd. The retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.18. The business had revenue of $51.90 billion for the quarter, compared to analysts’ expectations of $51.51 billion. Costco Wholesale had a net margin of 2.62% and a return on equity of 30.10%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 earnings per share. As a group, equities research analysts anticipate that Costco Wholesale Co. will post 13.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, April 29th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, April 28th. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s dividend payout ratio is currently 29.01%.

Costco Wholesale Company Profile (Get Rating)

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.

Further Reading

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

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