Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Modus Advisors LLC


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Modus Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 7.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 920 shares of the retailer’s stock after acquiring an additional 62 shares during the quarter. Modus Advisors LLC’s holdings in Costco Wholesale were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. Norges Bank acquired a new stake in Costco Wholesale in the 4th quarter valued at approximately $1,784,019,000. Morgan Stanley boosted its stake in Costco Wholesale by 40.3% during the 4th quarter. Morgan Stanley now owns 7,084,438 shares of the retailer’s stock valued at $2,669,275,000 after purchasing an additional 2,034,871 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Costco Wholesale by 10.3% during the 4th quarter. Nuveen Asset Management LLC now owns 4,212,988 shares of the retailer’s stock valued at $1,587,370,000 after purchasing an additional 394,660 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Costco Wholesale by 1,411.9% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 416,145 shares of the retailer’s stock valued at $156,795,000 after purchasing an additional 388,621 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Costco Wholesale by 8.1% during the 4th quarter. Alliancebernstein L.P. now owns 3,800,017 shares of the retailer’s stock valued at $1,431,770,000 after purchasing an additional 283,963 shares in the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.

In other Costco Wholesale news, VP Paul G. Moulton sold 9,015 shares of the firm’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $366.50, for a total transaction of $3,303,997.50. Following the transaction, the vice president now directly owns 23,049 shares in the company, valued at $8,447,458.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan L. Decker sold 694 shares of the firm’s stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $363.35, for a total value of $252,164.90. Following the transaction, the director now owns 19,047 shares in the company, valued at $6,920,727.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,208 shares of company stock valued at $5,433,062. 0.22% of the stock is owned by corporate insiders.

Shares of Costco Wholesale stock traded up $3.46 during midday trading on Thursday, hitting $362.27. The company’s stock had a trading volume of 59,168 shares, compared to its average volume of 3,050,630. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. Costco Wholesale Co. has a 1-year low of $293.84 and a 1-year high of $393.15. The stock has a 50-day simple moving average of $338.71 and a 200-day simple moving average of $360.45. The firm has a market capitalization of $160.32 billion, a P/E ratio of 36.84, a PEG ratio of 4.17 and a beta of 0.66.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $44.77 billion for the quarter, compared to analysts’ expectations of $43.71 billion. During the same quarter in the prior year, the business posted $2.10 earnings per share. Costco Wholesale’s revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts predict that Costco Wholesale Co. will post 9.95 earnings per share for the current year.

The company also recently disclosed 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 of this dividend was Thursday, February 4th. This represents a $2.80 annualized dividend and a dividend yield of 0.77%. Costco Wholesale’s dividend payout ratio is 31.64%.

A number of equities analysts have issued reports on COST shares. Stifel Nicolaus increased their price target on Costco Wholesale from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group decreased their price target on Costco Wholesale from $435.00 to $405.00 and set a “buy” rating for the company in a research note on Thursday, March 11th. Morgan Stanley increased their price target on Costco Wholesale from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, December 14th. BMO Capital Markets increased their price target on Costco Wholesale from $385.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, December 11th. Finally, Oppenheimer raised their price objective on Costco Wholesale from $370.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $382.42.

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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