Northstar Investment Advisors LLC Raises Stake in Costco Wholesale Co. (COST)

Northstar Investment Advisors LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,418 shares of the retailer’s stock after acquiring an additional 325 shares during the quarter. Northstar Investment Advisors LLC’s holdings in Costco Wholesale were worth $585,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of COST. Bigelow Investment Advisors LLC increased its holdings in Costco Wholesale by 3.3% in the fourth quarter. Bigelow Investment Advisors LLC now owns 1,575 shares of the retailer’s stock valued at $321,000 after buying an additional 50 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in Costco Wholesale by 2.1% in the third quarter. Cornerstone Advisors Inc. now owns 2,557 shares of the retailer’s stock valued at $601,000 after buying an additional 53 shares in the last quarter. Cigna Investments Inc. New increased its holdings in Costco Wholesale by 0.4% in the fourth quarter. Cigna Investments Inc. New now owns 12,916 shares of the retailer’s stock valued at $2,630,000 after buying an additional 55 shares in the last quarter. Truewealth LLC increased its holdings in Costco Wholesale by 2.6% in the fourth quarter. Truewealth LLC now owns 2,216 shares of the retailer’s stock valued at $451,000 after buying an additional 56 shares in the last quarter. Finally, Patten Group Inc. increased its holdings in Costco Wholesale by 38.0% in the fourth quarter. Patten Group Inc. now owns 207 shares of the retailer’s stock valued at $42,000 after buying an additional 57 shares in the last quarter. 72.22% of the stock is currently owned by institutional investors and hedge funds.

COST has been the subject of a number of recent analyst reports. Raymond James lifted their price objective on shares of Costco Wholesale from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, March 8th. TheStreet cut shares of Costco Wholesale from an “a” rating to a “c” rating in a report on Wednesday, January 16th. Nomura lifted their price objective on shares of Costco Wholesale from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Thursday, January 24th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Costco Wholesale in a report on Friday, January 11th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale currently has an average rating of “Buy” and a consensus price target of $246.57.

Shares of NASDAQ:COST opened at $245.34 on Wednesday. Costco Wholesale Co. has a 52 week low of $189.51 and a 52 week high of $247.09. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $108.36 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 3.50 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, March 7th. The retailer reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.34. The firm had revenue of $35.40 billion for the quarter. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. During the same period last year, the business earned $1.59 earnings per share. On average, research analysts forecast that Costco Wholesale Co. will post 7.9 earnings per share for the current year.

In related news, Director Susan L. Decker sold 2,350 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $240.00, for a total value of $564,000.00. Following the transaction, the director now directly owns 46,239 shares of the company’s stock, valued at approximately $11,097,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Meisenbach bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average cost of $242.65 per share, for a total transaction of $727,950.00. Following the completion of the transaction, the director now directly owns 12,833 shares in the company, valued at $3,113,927.45. The disclosure for this purchase can be found here. Insiders sold a total of 8,587 shares of company stock worth $2,004,576 over the last ninety days. Insiders own 0.21% of the company’s stock.

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Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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