Peachtree Investment Advisors Inc. boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,327 shares of the retailer’s stock after purchasing an additional 677 shares during the period. Costco Wholesale makes up 1.8% of Peachtree Investment Advisors Inc.’s portfolio, making the stock its 19th largest position. Peachtree Investment Advisors Inc.’s holdings in Costco Wholesale were worth $2,307,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Accurate Investment Solutions Inc. raised its stake in shares of Costco Wholesale by 200.7% during the fourth quarter. Accurate Investment Solutions Inc. now owns 18,848 shares of the retailer’s stock valued at $3,839,000 after acquiring an additional 12,581 shares during the last quarter. American National Bank raised its stake in shares of Costco Wholesale by 54.1% during the fourth quarter. American National Bank now owns 28,628 shares of the retailer’s stock valued at $5,832,000 after acquiring an additional 10,053 shares during the last quarter. YHB Investment Advisors Inc. raised its stake in shares of Costco Wholesale by 8.6% during the fourth quarter. YHB Investment Advisors Inc. now owns 59,208 shares of the retailer’s stock valued at $12,061,000 after acquiring an additional 4,704 shares during the last quarter. New England Research & Management Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $444,000. Finally, Northstar Investment Advisors LLC raised its stake in shares of Costco Wholesale by 91.5% during the fourth quarter. Northstar Investment Advisors LLC now owns 2,093 shares of the retailer’s stock valued at $426,000 after acquiring an additional 1,000 shares during the last quarter. 70.60% of the stock is owned by institutional investors and hedge funds.
COST has been the subject of several recent analyst reports. Barclays downgraded shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and set a $240.00 price objective for the company. in a research note on Monday, September 17th. Zacks Investment Research cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. JPMorgan Chase & Co. boosted their price target on shares of Costco Wholesale from $227.00 to $255.00 and gave the company an “overweight” rating in a research report on Monday, September 17th. Loop Capital set a $265.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Thursday, October 4th. Finally, BMO Capital Markets reduced their price target on shares of Costco Wholesale from $260.00 to $258.00 and set an “outperform” rating on the stock in a research report on Friday, October 5th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and an average price target of $242.15.
COST traded down $1.01 during midday trading on Monday, reaching $209.50. The company’s stock had a trading volume of 12,459 shares, compared to its average volume of 2,305,004. The stock has a market cap of $92.46 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 1.02. Costco Wholesale Co. has a 1 year low of $175.79 and a 1 year high of $245.16.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 13th. The retailer reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.01). The business had revenue of $34.31 billion during the quarter, compared to analysts’ expectations of $34.66 billion. Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. Costco Wholesale’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 EPS. Equities research analysts predict that Costco Wholesale Co. will post 7.64 EPS for the current year.
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Costco Wholesale 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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