Cordatus Wealth Management LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Cordatus Wealth Management LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 524 shares of the retailer’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. German American Bancorp Inc. lifted its stake in shares of Costco Wholesale by 3.4% in the 3rd quarter. German American Bancorp Inc. now owns 20,714 shares of the retailer’s stock valued at $9,308,000 after purchasing an additional 672 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Costco Wholesale by 0.3% in the 3rd quarter. Panagora Asset Management Inc. now owns 311,476 shares of the retailer’s stock valued at $139,962,000 after purchasing an additional 914 shares during the period. ARGI Investment Services LLC lifted its stake in shares of Costco Wholesale by 7.4% in the 3rd quarter. ARGI Investment Services LLC now owns 4,398 shares of the retailer’s stock valued at $1,976,000 after purchasing an additional 303 shares during the period. Grandview Asset Management LLC increased its position in Costco Wholesale by 2.8% during the 3rd quarter. Grandview Asset Management LLC now owns 1,531 shares of the retailer’s stock valued at $688,000 after buying an additional 41 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its position in Costco Wholesale by 5.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 7,661 shares of the retailer’s stock valued at $3,442,000 after buying an additional 366 shares in the last quarter. Institutional investors and hedge funds own 66.26% of the company’s stock.

In related news, Director Mary Agnes Wilderotter bought 925 shares of the stock in a transaction on Tuesday, December 21st. The stock was bought at an average price of $540.13 per share, for a total transaction of $499,620.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the company’s stock in a transaction on Monday, December 13th. The stock was sold at an average price of $559.32, for a total value of $2,796,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,218 shares of company stock valued at $6,249,652. 0.22% of the stock is owned by company insiders.

Shares of COST traded down $10.13 during mid-day trading on Friday, reaching $506.75. 69,498 shares of the company’s stock traded hands, compared to its average volume of 2,290,578. The stock has a market cap of $224.71 billion, a P/E ratio of 44.44, a P/E/G ratio of 4.75 and a beta of 0.64. The stock’s 50-day moving average is $539.69 and its two-hundred day moving average is $478.55. Costco Wholesale Co. has a 12 month low of $307.00 and a 12 month high of $571.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.02 and a quick ratio of 0.51.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 9th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.39. The firm had revenue of $49.42 billion during the quarter, compared to analyst estimates of $49.75 billion. Costco Wholesale had a return on equity of 29.77% and a net margin of 2.54%. Costco Wholesale’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.29 earnings per share. Research analysts predict that Costco Wholesale Co. will post 12.62 earnings per share for the current year.

A number of research analysts recently weighed in on COST shares. Truist started coverage on Costco Wholesale in a research report on Thursday. They set a “buy” rating and a $606.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Costco Wholesale from $472.00 to $482.00 and gave the stock a “hold” rating in a report on Friday, December 10th. Citigroup lifted their target price on Costco Wholesale from $550.00 to $555.00 in a report on Thursday, January 6th. MKM Partners lifted their target price on Costco Wholesale from $385.00 to $498.00 and gave the stock a “neutral” rating in a report on Wednesday, December 8th. Finally, Telsey Advisory Group lifted their price objective on Costco Wholesale from $600.00 to $610.00 and gave the stock an “outperform” rating in a report on Friday, December 10th. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $546.97.

About Costco Wholesale

Costco Wholesale Corp. engages in the operation of membership warehouses. The firm’s product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: United States Operations, Canadian Operations, and Other International Operations.

Featured Article: Understanding the different types of bonds

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).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.