Stifel Financial Corp Has $195.52 Million Stake in Costco Wholesale Co. (COST)
Stifel Financial Corp grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 961,180 shares of the retailer’s stock after acquiring an additional 54,523 shares during the quarter. Costco Wholesale comprises about 0.6% of Stifel Financial Corp’s investment portfolio, making the stock its 27th largest holding. Stifel Financial Corp owned about 0.22% of Costco Wholesale worth $195,521,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in COST. Oregon Public Employees Retirement Fund boosted its holdings in shares of Costco Wholesale by 20,897.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,652,688 shares of the retailer’s stock valued at $165,000 after acquiring an additional 33,492,419 shares during the period. Bank of New York Mellon Corp boosted its position in Costco Wholesale by 55,048.5% during the third quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock worth $1,292,998,000 after purchasing an additional 5,494,946 shares during the period. AQR Capital Management LLC boosted its position in Costco Wholesale by 258.8% during the third quarter. AQR Capital Management LLC now owns 2,125,078 shares of the retailer’s stock worth $499,138,000 after purchasing an additional 1,532,770 shares during the period. Capital World Investors boosted its position in Costco Wholesale by 12.0% during the third quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock worth $2,327,223,000 after purchasing an additional 1,064,167 shares during the period. Finally, BlackRock Inc. boosted its position in Costco Wholesale by 2.6% during the fourth quarter. BlackRock Inc. now owns 28,778,155 shares of the retailer’s stock worth $5,862,398,000 after purchasing an additional 736,711 shares during the period. 72.19% of the stock is owned by institutional investors.
Shares of COST stock opened at $239.41 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The firm has a market cap of $105.16 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 3.40 and a beta of 0.94. Costco Wholesale Co. has a 52 week low of $180.94 and a 52 week high of $245.16.
A number of research analysts have recently commented on the company. Citigroup cut their price target on Costco Wholesale from $257.00 to $238.00 and set a “neutral” rating for the company in a report on Sunday, December 9th. BidaskClub upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Wells Fargo & Co cut their price target on Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating for the company in a report on Friday, December 14th. They noted that the move was a valuation call. Oppenheimer cut their price target on Costco Wholesale from $262.00 to $240.00 in a report on Friday, December 14th. Finally, UBS Group upped their price target on Costco Wholesale to $280.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $244.57.
In other news, Director Susan L. Decker sold 1,611 shares of the stock in a transaction on Friday, January 4th. The stock was sold at an average price of $206.15, for a total transaction of $332,107.65. Following the sale, the director now owns 51,389 shares in the company, valued at $10,593,842.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 739 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total value of $151,495.00. Following the sale, the director now owns 52,249 shares in the company, valued at approximately $10,711,045. The disclosure for this sale can be found here. Insiders have sold 8,587 shares of company stock worth $1,924,179 in the last 90 days. Company insiders own 0.21% of the company’s stock.
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Costco Wholesale Company Profile
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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