Baldwin Brothers Inc. MA lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 4.1% in the third quarter, HoldingsChannel.com reports. The fund owned 62,368 shares of the retailer’s stock after selling 2,658 shares during the quarter. Costco Wholesale comprises 2.7% of Baldwin Brothers Inc. MA’s portfolio, making the stock its 6th biggest position. Baldwin Brothers Inc. MA’s holdings in Costco Wholesale were worth $17,968,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of COST. Krane Funds Advisors LLC acquired a new stake in shares of Costco Wholesale in the second quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Costco Wholesale in the second quarter valued at approximately $27,000. Cerebellum GP LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at approximately $32,000. Thor Advisors LLC acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $35,000. Finally, Princeton Global Asset Management LLC increased its holdings in shares of Costco Wholesale by 88.6% in the second quarter. Princeton Global Asset Management LLC now owns 132 shares of the retailer’s stock valued at $35,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 71.07% of the company’s stock.
A number of analysts recently weighed in on COST shares. ValuEngine lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Robert W. Baird raised their price target on shares of Costco Wholesale from $290.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Wells Fargo & Co raised their price target on shares of Costco Wholesale from $240.00 to $290.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, June 28th. Finally, Stifel Nicolaus raised their price target on shares of Costco Wholesale from $289.00 to $310.00 and gave the company a “buy” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Costco Wholesale has an average rating of “Buy” and a consensus target price of $293.13.
COST traded up $0.24 during trading on Thursday, reaching $297.14. 1,023,268 shares of the company’s stock were exchanged, compared to its average volume of 2,597,380. The company’s fifty day moving average price is $289.64 and its 200-day moving average price is $265.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $307.34. The firm has a market capitalization of $129.04 billion, a PE ratio of 36.28, a P/E/G ratio of 4.02 and a beta of 0.94.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.15. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The firm had revenue of $47.50 billion during the quarter, compared to analyst estimates of $47.71 billion. During the same quarter in the previous year, the business earned $2.36 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that Costco Wholesale Co. will post 8.6 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, August 29th. Costco Wholesale’s dividend payout ratio (DPR) is 31.75%.
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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