Birch Hill Investment Advisors LLC lessened its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,612 shares of the retailer’s stock after selling 793 shares during the period. Costco Wholesale makes up 1.5% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 26th biggest position. Birch Hill Investment Advisors LLC’s holdings in Costco Wholesale were worth $26,710,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Sanctuary Wealth Management L.L.C. acquired a new stake in Costco Wholesale during the 4th quarter worth approximately $26,000. Impact Partnership Wealth LLC purchased a new stake in Costco Wholesale during the second quarter worth approximately $37,000. Agur Provident & Training Funds Management Ltd. acquired a new stake in shares of Costco Wholesale in the first quarter worth $42,000. 25 LLC purchased a new position in shares of Costco Wholesale in the 1st quarter valued at $44,000. Finally, Piscataqua Savings Bank raised its stake in shares of Costco Wholesale by 30.1% in the 1st quarter. Piscataqua Savings Bank now owns 95 shares of the retailer’s stock valued at $47,000 after acquiring an additional 22 shares during the period. 66.31% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Stock Down 0.6 %
Shares of COST stock traded down $3.67 during trading hours on Friday, hitting $564.96. 1,887,507 shares of the company were exchanged, compared to its average volume of 1,602,767. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 1.07. Costco Wholesale Co. has a one year low of $447.90 and a one year high of $572.18. The business’s 50-day simple moving average is $554.37 and its two-hundred day simple moving average is $525.30. The stock has a market capitalization of $250.33 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 4.07 and a beta of 0.79.
Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its earnings results on Tuesday, September 26th. The retailer reported $4.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.07. Costco Wholesale had a net margin of 2.60% and a return on equity of 28.10%. The firm had revenue of $78.94 billion for the quarter, compared to analysts’ expectations of $77.72 billion. During the same quarter last year, the company posted $4.20 earnings per share. Costco Wholesale’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts predict that Costco Wholesale Co. will post 15.69 EPS for the current fiscal year.
Costco Wholesale Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $1.02 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.08 dividend on an annualized basis and a yield of 0.72%. Costco Wholesale’s dividend payout ratio is currently 28.81%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Truist Financial increased their price target on Costco Wholesale from $597.00 to $619.00 and gave the company a “buy” rating in a report on Wednesday. Argus increased their target price on Costco Wholesale from $630.00 to $650.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $575.00 price objective on shares of Costco Wholesale in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Seven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $580.93.
Check Out Our Latest Analysis on COST
Costco Wholesale Company Profile
(Free Report)
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.
Read More
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Costco Wholesale, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Costco Wholesale wasn’t on the list.
While Costco Wholesale currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Source link
credite