Birch Hill Funding Advisors LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 3.7% within the 2nd quarter, in accordance with its most up-to-date disclosure with the Securities & Trade Fee. The agency owned 42,601 shares of the retailer’s inventory after promoting 1,617 shares throughout the quarter. Costco Wholesale accounts for about 1.7% of Birch Hill Funding Advisors LLC’s funding portfolio, making the inventory its twentieth largest holding. Birch Hill Funding Advisors LLC’s holdings in Costco Wholesale have been price $36,210,000 as of its most up-to-date submitting with the Securities & Trade Fee.
Different hedge funds and different institutional traders have additionally made modifications to their positions within the firm. Frank Rimerman Advisors LLC purchased a brand new place in Costco Wholesale throughout the 4th quarter price about $26,000. Redmont Wealth Advisors LLC acquired a brand new place in shares of Costco Wholesale throughout the first quarter price about $32,000. Vima LLC purchased a brand new place in shares of Costco Wholesale throughout the fourth quarter price about $34,000. DSM Capital Companions LLC purchased a brand new stake in Costco Wholesale within the 4th quarter valued at roughly $36,000. Lastly, Monetary Connections Group Inc. boosted its place in Costco Wholesale by 557.1% throughout the 2nd quarter. Monetary Connections Group Inc. now owns 46 shares of the retailer’s inventory price $39,000 after buying a further 39 shares over the last quarter. 68.48% of the inventory is presently owned by institutional traders and hedge funds.
Costco Wholesale Buying and selling Up 0.6 %
Shares of COST inventory opened at $892.38 on Friday. Costco Wholesale Co. has a 12-month low of $539.31 and a 12-month excessive of $918.93. The agency has a 50 day shifting common worth of $854.20 and a two-hundred day shifting common worth of $794.02. The corporate has a fast ratio of 0.45, a present ratio of 0.94 and a debt-to-equity ratio of 0.27. The corporate has a market capitalization of $395.62 billion, a PE ratio of 55.29, a price-to-earnings-growth ratio of 5.98 and a beta of 0.78.
Costco Wholesale (NASDAQ:COST – Get Free Report) final launched its quarterly earnings outcomes on Thursday, Might thirtieth. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a return on fairness of 30.02% and a internet margin of two.83%. The enterprise had income of $58.52 billion throughout the quarter, in comparison with the consensus estimate of $58.16 billion. Throughout the identical interval within the earlier yr, the corporate posted $3.43 EPS. The agency’s quarterly income was up 9.1% on a year-over-year foundation. As a gaggle, analysts predict that Costco Wholesale Co. will publish 15.98 earnings per share for the present yr.
Costco Wholesale Publicizes Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Friday, August ninth. Stockholders of document on Friday, July twenty sixth have been issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized foundation and a dividend yield of 0.52%. The ex-dividend date was Friday, July twenty sixth. Costco Wholesale’s dividend payout ratio is presently 28.75%.
Insider Exercise
In different Costco Wholesale information, Director Kenneth D. Denman offered 350 shares of Costco Wholesale inventory in a transaction dated Monday, July fifteenth. The shares have been offered at a mean worth of $851.53, for a complete worth of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares within the firm, valued at roughly $5,041,057.60. The sale was disclosed in a submitting with the Securities & Trade Fee, which is out there via the SEC web site. In different Costco Wholesale information, Director Kenneth D. Denman offered 350 shares of the agency’s inventory in a transaction on Monday, July fifteenth. The inventory was offered at a mean worth of $851.53, for a complete transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares within the firm, valued at roughly $5,041,057.60. The transaction was disclosed in a submitting with the SEC, which is out there via this hyperlink. Additionally, Director Susan L. Decker offered 620 shares of the corporate’s inventory in a transaction on Thursday, August fifteenth. The shares have been offered at a mean worth of $876.50, for a complete worth of $543,430.00. Following the sale, the director now owns 11,775 shares of the corporate’s inventory, valued at $10,320,787.50. The disclosure for this sale could be discovered right here. During the last 90 days, insiders offered 4,974 shares of firm inventory valued at $4,252,856. 0.18% of the inventory is owned by firm insiders.
Analyst Upgrades and Downgrades
Various analysts have not too long ago commented on the inventory. StockNews.com lowered shares of Costco Wholesale from a “purchase” ranking to a “maintain” ranking in a analysis report on Thursday. Tigress Monetary elevated their worth goal on shares of Costco Wholesale from $870.00 to $975.00 and gave the inventory a “purchase” ranking in a analysis word on Tuesday, June twenty fifth. Loop Capital lifted their goal worth on Costco Wholesale from $940.00 to $970.00 and gave the corporate a “purchase” ranking in a analysis report on Thursday, July eleventh. Deutsche Financial institution Aktiengesellschaft elevated their worth goal on Costco Wholesale from $925.00 to $927.00 and gave the corporate a “purchase” ranking in a analysis report on Thursday, August eighth. Lastly, Wells Fargo & Firm boosted their worth goal on Costco Wholesale from $775.00 to $800.00 and gave the inventory an “equal weight” ranking in a analysis report on Thursday, July eleventh. Eight analysis analysts have rated the inventory with a maintain ranking and nineteen have given a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat, the inventory has a consensus ranking of “Average Purchase” and a mean worth goal of $824.50.
View Our Newest Inventory Evaluation on Costco Wholesale
About Costco Wholesale
Costco Wholesale Company, along with its subsidiaries, engages within the operation of membership warehouses in the US, Puerto Rico, Canada, Mexico, Japan, the UK, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The corporate gives branded and private-label merchandise in a variety of merchandise classes.
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