Banque Transatlantique SA Buys 6,710 Shares of Costco Wholesale Corporation $COST

Banque Transatlantique SA raised its position in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 211,962 shares of the retailer’s stock after buying an additional 6,710 shares during the quarter. Costco Wholesale comprises 4.4% of Banque Transatlantique SA’s portfolio, making the stock its 8th largest holding. Banque Transatlantique SA’s holdings in Costco Wholesale were worth $183,569,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $28,000. Hurley Capital LLC increased its holdings in Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after buying an additional 18 shares during the period. Entrust Financial LLC purchased a new position in Costco Wholesale during the 4th quarter worth approximately $31,000. Joseph Group Capital Management acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $33,000. Finally, Imprint Wealth LLC acquired a new stake in Costco Wholesale during the 3rd quarter valued at approximately $36,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $951.45 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. The business’s 50 day moving average price is $1,000.19 and its 200-day moving average price is $969.01. The firm has a market capitalization of $421.95 billion, a PE ratio of 47.86, a P/E/G ratio of 4.61 and a beta of 0.88. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing the consensus estimate of $4.94 by ($0.01). The firm had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. During the same period in the prior year, the company posted $4.28 earnings per share. As a group, equities research analysts expect that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $1.47 per share. The ex-dividend date was Friday, May 1st. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.58%.

Costco Wholesale News Summary

Here are the key news stories impacting Costco Wholesale this week:

Analyst Ratings Changes

A number of analysts have recently weighed in on COST shares. Evercore set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, March 2nd. The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a report on Friday, May 29th. BMO Capital Markets increased their price target on Costco Wholesale from $1,175.00 to $1,315.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Jefferies Financial Group reiterated a “buy” rating and set a $1,050.00 price objective on shares of Costco Wholesale in a research note on Thursday, March 5th. Finally, Telsey Advisory Group boosted their price objective on Costco Wholesale from $1,125.00 to $1,135.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Twenty-two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,061.45.

Read Our Latest Stock Report on COST

Costco Wholesale Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

See Also

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COSTFree Report).

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

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