Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by RNC Capital Management LLC


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RNC Capital Management LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 137.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,278 shares of the retailer’s stock after purchasing an additional 1,899 shares during the period. RNC Capital Management LLC’s holdings in Costco Wholesale were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley raised its position in Costco Wholesale by 21.0% during the third quarter. Morgan Stanley now owns 5,049,567 shares of the retailer’s stock worth $1,792,598,000 after acquiring an additional 876,624 shares during the period. FMR LLC lifted its position in shares of Costco Wholesale by 4.8% during the second quarter. FMR LLC now owns 12,077,579 shares of the retailer’s stock worth $3,662,043,000 after purchasing an additional 551,799 shares in the last quarter. Winslow Capital Management LLC lifted its position in shares of Costco Wholesale by 86.2% during the third quarter. Winslow Capital Management LLC now owns 1,097,045 shares of the retailer’s stock worth $389,451,000 after purchasing an additional 507,918 shares in the last quarter. Waverton Investment Management Ltd lifted its position in shares of Costco Wholesale by 2,325.2% during the third quarter. Waverton Investment Management Ltd now owns 304,004 shares of the retailer’s stock worth $107,921,000 after purchasing an additional 291,469 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Costco Wholesale by 15.5% in the second quarter. Principal Financial Group Inc. now owns 1,797,829 shares of the retailer’s stock valued at $545,119,000 after acquiring an additional 240,891 shares in the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.

NASDAQ:COST opened at $366.95 on Thursday. The company has a market capitalization of $162.54 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 4.26 and a beta of 0.66. 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 52-week low of $271.28 and a 52-week high of $393.15. The stock has a fifty day simple moving average of $373.53 and a 200-day simple moving average of $354.70.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Wednesday, December 9th. The retailer reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.24. Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The business had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The business’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts anticipate that Costco Wholesale Co. will post 9.95 earnings per share for the current year.

A number of analysts have weighed in on COST shares. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $385.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, December 11th. Robert W. Baird raised their target price on shares of Costco Wholesale from $375.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. CSFB lifted their price objective on shares of Costco Wholesale from $328.00 to $370.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Costco Wholesale from $344.00 to $347.00 and gave the company a “hold” rating in a research report on Thursday, January 7th. Finally, Credit Suisse Group lifted their price objective on shares of Costco Wholesale from $328.00 to $370.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Twelve analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Costco Wholesale has a consensus rating of “Buy” and a consensus target price of $386.64.

In related news, Director Susan L. Decker sold 861 shares of the business’s stock in a transaction dated Wednesday, December 30th. The shares were sold at an average price of $375.75, for a total value of $323,520.75. Following the completion of the transaction, the director now owns 20,639 shares of the company’s stock, valued at approximately $7,755,104.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 1,000 shares of the business’s stock in a transaction dated Monday, December 21st. The shares were sold at an average price of $362.59, for a total transaction of $362,590.00. Following the completion of the transaction, the director now directly owns 21,500 shares of the company’s stock, valued at approximately $7,795,685. The disclosure for this sale can be found here. Insiders sold a total of 20,575 shares of company stock valued at $7,626,833 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Costco Wholesale 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.

See Also: Certificate of Deposit (CD)

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

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