Pathstone Family Office LLC Has $56.18 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Pathstone Family Office LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,573 shares of the retailer’s stock after purchasing an additional 8,680 shares during the quarter. Pathstone Family Office LLC’s holdings in Costco Wholesale were worth $56,183,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. United Bank increased its stake in shares of Costco Wholesale by 9.2% in the 1st quarter. United Bank now owns 5,254 shares of the retailer’s stock valued at $3,026,000 after acquiring an additional 444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Costco Wholesale by 33.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock valued at $220,948,000 after purchasing an additional 96,566 shares in the last quarter. Covestor Ltd increased its stake in Costco Wholesale by 87.1% during the 1st quarter. Covestor Ltd now owns 232 shares of the retailer’s stock valued at $134,000 after purchasing an additional 108 shares in the last quarter. Bridgefront Capital LLC bought a new stake in Costco Wholesale during the 1st quarter valued at $333,000. Finally, Next Century Growth Investors LLC increased its stake in Costco Wholesale by 0.9% during the 1st quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock valued at $1,965,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 66.31% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of Costco Wholesale from $640.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Evercore ISI boosted their price target on shares of Costco Wholesale from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Citigroup boosted their price target on shares of Costco Wholesale from $585.00 to $630.00 and gave the company a “neutral” rating in a research note on Friday, December 15th. Northcoast Research downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price objective on the stock. in a report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Costco Wholesale from $620.00 to $605.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $643.75.

View Our Latest Research Report on Costco Wholesale

Costco Wholesale Stock Performance

Costco Wholesale stock traded down $4.15 during midday trading on Tuesday, reaching $707.01. The stock had a trading volume of 1,094,215 shares, compared to its average volume of 2,077,958. Costco Wholesale Co. has a 12 month low of $465.33 and a 12 month high of $714.28. The firm’s 50-day moving average price is $659.60 and its 200 day moving average price is $595.59. The firm has a market capitalization of $313.72 billion, a PE ratio of 48.48, a P/E/G ratio of 5.12 and a beta of 0.77. The company has a quick ratio of 0.60, a current ratio of 1.09 and a debt-to-equity ratio of 0.22.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.07. Costco Wholesale had a return on equity of 27.44% and a net margin of 2.65%. The firm had revenue of $57.80 billion for the quarter, compared to analysts’ expectations of $57.79 billion. During the same period in the prior year, the business posted $3.10 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. As a group, research analysts predict that Costco Wholesale Co. will post 15.6 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, February 2nd will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, February 1st. Costco Wholesale’s dividend payout ratio is presently 27.81%.

Insider Activity

In related news, EVP Caton Frates sold 740 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total value of $505,790.00. Following the transaction, the executive vice president now directly owns 6,721 shares in the company, valued at $4,593,803.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Caton Frates sold 740 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total value of $505,790.00. Following the transaction, the executive vice president now directly owns 6,721 shares in the company, valued at $4,593,803.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard A. Galanti sold 1,112 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $680.21, for a total value of $756,393.52. Following the completion of the sale, the chief financial officer now directly owns 24,300 shares of the company’s stock, valued at approximately $16,529,103. The disclosure for this sale can be found here. Insiders have sold a total of 15,752 shares of company stock worth $10,509,849 over the last ninety days. Company insiders own 0.18% of the company’s stock.

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

See Also

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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