JGP Wealth Management LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

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JGP Wealth Management LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,228 shares of the retailer’s stock after acquiring an additional 43 shares during the period. JGP Wealth Management LLC’s holdings in Costco Wholesale were worth $942,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Tocqueville Asset Management L.P. lifted its stake in shares of Costco Wholesale by 0.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 6,422 shares of the retailer’s stock worth $1,850,000 after purchasing an additional 34 shares during the period. CX Institutional lifted its stake in shares of Costco Wholesale by 0.5% during the 3rd quarter. CX Institutional now owns 7,182 shares of the retailer’s stock worth $2,069,000 after purchasing an additional 35 shares during the period. Crewe Advisors LLC lifted its stake in shares of Costco Wholesale by 9.2% during the 3rd quarter. Crewe Advisors LLC now owns 415 shares of the retailer’s stock worth $120,000 after purchasing an additional 35 shares during the period. Brandywine Oak Private Wealth LLC lifted its stake in shares of Costco Wholesale by 2.5% during the 3rd quarter. Brandywine Oak Private Wealth LLC now owns 1,476 shares of the retailer’s stock worth $425,000 after purchasing an additional 36 shares during the period. Finally, Hills Bank & Trust Co. lifted its stake in shares of Costco Wholesale by 0.5% during the 3rd quarter. Hills Bank & Trust Co. now owns 7,017 shares of the retailer’s stock worth $2,021,000 after purchasing an additional 38 shares during the period. 69.86% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Susan L. Decker sold 333 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $297.50, for a total value of $99,067.50. Following the completion of the sale, the director now directly owns 41,470 shares in the company, valued at approximately $12,337,325. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $298.46, for a total value of $1,492,300.00. Following the completion of the sale, the insider now owns 22,277 shares of the company’s stock, valued at $6,648,793.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,780 shares of company stock valued at $11,620,272. 0.22% of the stock is owned by insiders.

A number of research analysts have weighed in on the company. Bank of America increased their price target on Costco Wholesale from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. BMO Capital Markets reissued a “buy” rating and set a $320.00 price target on shares of Costco Wholesale in a research note on Friday, December 13th. Nomura reissued a “hold” rating and set a $300.00 price target on shares of Costco Wholesale in a research note on Monday. Gordon Haskett raised Costco Wholesale from a “hold” rating to an “accumulate” rating and increased their price target for the stock from $255.00 to $330.00 in a research note on Friday, September 20th. Finally, Oppenheimer downgraded Costco Wholesale from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $295.00 to $300.00 in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $300.00.

Shares of COST stock traded up $4.73 on Thursday, reaching $299.42. 3,158,906 shares of the stock were exchanged, compared to its average volume of 2,058,089. Costco Wholesale Co. has a 1-year low of $205.75 and a 1-year high of $307.34. The stock has a market cap of $128.71 billion, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 4.18 and a beta of 0.89. The company has a quick ratio of 0.49, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $295.48 and a two-hundred day moving average of $288.29.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 12th. The retailer reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. Costco Wholesale had a return on equity of 24.22% and a net margin of 2.42%. The firm had revenue of $37.04 billion during the quarter, compared to the consensus estimate of $37.40 billion. During the same period in the prior year, the firm earned $1.61 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that Costco Wholesale Co. will post 8.59 EPS for the current fiscal year.

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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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)

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