O Dell Group LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

O Dell Group LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 63.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,273 shares of the retailer’s stock after purchasing an additional 886 shares during the period. Costco Wholesale accounts for about 0.4% of O Dell Group LLC’s investment portfolio, making the stock its 25th biggest position. O Dell Group LLC’s holdings in Costco Wholesale were worth $601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CAPROCK Group Inc. boosted its holdings in shares of Costco Wholesale by 321.6% in the second quarter. CAPROCK Group Inc. now owns 19,587 shares of the retailer’s stock valued at $5,176,000 after purchasing an additional 14,941 shares during the period. Arden Trust Co purchased a new stake in Costco Wholesale during the second quarter worth $928,000. Commerzbank Aktiengesellschaft FI lifted its holdings in Costco Wholesale by 50.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 37,933 shares of the retailer’s stock worth $10,024,000 after buying an additional 12,653 shares during the period. NewFocus Financial Group LLC purchased a new stake in Costco Wholesale during the second quarter worth $226,000. Finally, American Economic Planning Group Inc. ADV purchased a new stake in Costco Wholesale during the second quarter worth $209,000. Hedge funds and other institutional investors own 71.27% of the company’s stock.

Shares of COST stock traded down $2.07 during trading hours on Friday, reaching $272.50. 1,925,333 shares of the company’s stock were exchanged, compared to its average volume of 1,399,045. The business’s 50 day moving average price is $272.18. The stock has a market cap of $121.22 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 3.86 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $284.31.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 30th. The retailer reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. The business had revenue of $34.74 billion for the quarter, compared to the consensus estimate of $34.72 billion. Costco Wholesale had a return on equity of 25.03% and a net margin of 2.41%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 earnings per share. On average, equities research analysts forecast that Costco Wholesale Co. will post 8.04 EPS for the current fiscal year.

Costco Wholesale declared that its board has initiated a stock repurchase plan on Friday, April 26th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the retailer to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Susan L. Decker sold 2,790 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $254.62, for a total value of $710,389.80. Following the transaction, the director now directly owns 45,405 shares of the company’s stock, valued at approximately $11,561,021.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James C. Klauer sold 5,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $255.53, for a total value of $1,277,650.00. Following the completion of the transaction, the insider now directly owns 48,310 shares in the company, valued at $12,344,654.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,136 shares of company stock worth $7,380,374. Insiders own 0.21% of the company’s stock.

COST has been the subject of a number of analyst reports. Robert W. Baird upped their target price on Costco Wholesale from $270.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Morgan Stanley upped their target price on Costco Wholesale from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, June 3rd. Stifel Nicolaus upped their target price on Costco Wholesale from $261.00 to $289.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a report on Friday, June 28th. Finally, Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $272.00 target price for the company in a report on Tuesday, June 11th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $262.73.

Costco Wholesale 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.

Further Reading: Oversold

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

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