Campbell Capital Management Inc. Invests $1.16 Million in Costco Wholesale Co. (NASDAQ:COST)


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Campbell Capital Management Inc. purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,302 shares of the retailer’s stock, valued at approximately $1,164,000.

A number of other hedge funds have also recently made changes to their positions in COST. Hotaling Investment Management LLC grew its stake in shares of Costco Wholesale by 0.6% during the fourth quarter. Hotaling Investment Management LLC now owns 4,992 shares of the retailer’s stock worth $1,881,000 after purchasing an additional 28 shares during the period. First Command Bank grew its stake in shares of Costco Wholesale by 2.9% during the fourth quarter. First Command Bank now owns 1,037 shares of the retailer’s stock worth $391,000 after purchasing an additional 29 shares during the period. Affinity Capital Advisors LLC grew its stake in shares of Costco Wholesale by 2.8% during the fourth quarter. Affinity Capital Advisors LLC now owns 1,097 shares of the retailer’s stock worth $413,000 after purchasing an additional 30 shares during the period. Evermay Wealth Management LLC grew its stake in shares of Costco Wholesale by 1.2% during the fourth quarter. Evermay Wealth Management LLC now owns 2,455 shares of the retailer’s stock worth $925,000 after purchasing an additional 30 shares during the period. Finally, WMS Partners LLC grew its stake in shares of Costco Wholesale by 1.5% during the fourth quarter. WMS Partners LLC now owns 1,971 shares of the retailer’s stock worth $743,000 after purchasing an additional 30 shares during the period. 67.21% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on COST shares. Robert W. Baird decreased their target price on Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating for the company in a research note on Thursday, March 11th. Royal Bank of Canada decreased their target price on Costco Wholesale from $435.00 to $399.00 and set an “outperform” rating for the company in a research note on Thursday, March 11th. Wells Fargo & Company boosted their target price on Costco Wholesale from $370.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday. Telsey Advisory Group decreased their target price on Costco Wholesale from $430.00 to $375.00 and set an “outperform” rating for the company in a research note on Friday, March 5th. Finally, Stifel Nicolaus boosted their target price on Costco Wholesale from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $382.42.

COST traded up $2.88 on Thursday, hitting $361.69. 84,624 shares of the company were exchanged, compared to its average volume of 3,050,630. Costco Wholesale Co. has a 12 month low of $293.84 and a 12 month high of $393.15. The company has a market cap of $160.06 billion, a PE ratio of 36.84, a PEG ratio of 4.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.53 and a current ratio of 0.98. The stock’s fifty day moving average is $338.71 and its 200-day moving average is $360.45.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.31). Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The company had revenue of $44.77 billion for the quarter, compared to the consensus estimate of $43.71 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The business’s revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts expect that Costco Wholesale Co. will post 9.95 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Friday, February 5th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, February 4th. This represents a $2.80 annualized dividend and a yield of 0.77%. Costco Wholesale’s payout ratio is presently 31.64%.

In other Costco Wholesale news, VP Roland Michael Vachris sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $334.30, for a total transaction of $1,437,490.00. Following the transaction, the vice president now owns 15,602 shares of the company’s stock, valued at $5,215,748.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Paul G. Moulton sold 9,015 shares of the business’s stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $366.50, for a total value of $3,303,997.50. Following the transaction, the vice president now directly owns 23,049 shares in the company, valued at approximately $8,447,458.50. The disclosure for this sale can be found here. Insiders have sold 15,208 shares of company stock worth $5,433,062 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Costco Wholesale Company Profile

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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