Fruth Investment Management Has $3.11 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Fruth Investment Management decreased its holdings in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 2.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,405 shares of the retailer’s stock after selling 115 shares during the quarter. Fruth Investment Management’s holdings in Costco Wholesale were worth $3,112,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of Costco Wholesale in the 1st quarter valued at approximately $26,000. Evolution Advisers Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $28,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $30,000. Mystic Asset Management Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $40,000. Finally, AHL Investment Management Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 67.52% of the company’s stock.

NASDAQ:COST opened at $459.96 on Thursday. The firm’s fifty day moving average is $496.50 and its 200-day moving average is $522.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. Costco Wholesale Co. has a 52 week low of $390.59 and a 52 week high of $612.27. The firm has a market cap of $203.74 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.87 and a beta of 0.71.

Costco Wholesale (NASDAQ:COSTGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The retailer reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.01. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The company had revenue of $52.60 billion for the quarter, compared to analyst estimates of $51.49 billion. During the same period in the prior year, the firm posted $2.75 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 13.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, April 28th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.79. This represents a $3.60 annualized dividend and a yield of 0.78%. Costco Wholesale’s dividend payout ratio is currently 28.35%.

In related news, VP Timothy L. Rose sold 4,000 shares of the stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $566.29, for a total transaction of $2,265,160.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mary Agnes Wilderotter bought 850 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were bought at an average cost of $470.74 per share, for a total transaction of $400,129.00. Following the completion of the purchase, the director now owns 11,295 shares of the company’s stock, valued at $5,317,008.30. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 8,998 shares of company stock worth $5,278,469. 0.22% of the stock is owned by insiders.

Several equities analysts have recently commented on COST shares. Telsey Advisory Group dropped their target price on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Citigroup dropped their target price on shares of Costco Wholesale from $590.00 to $510.00 and set a “neutral” rating for the company in a research report on Friday, May 27th. Robert W. Baird lowered their price objective on shares of Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Evercore ISI upped their price objective on shares of Costco Wholesale from $605.00 to $610.00 in a research report on Thursday, April 7th. Finally, Oppenheimer upped their price objective on shares of Costco Wholesale to $525.00 in a research report on Friday, June 3rd. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $569.56.

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.

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

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