Crestwood Advisors Group LLC Sells 1,742 Shares of Costco Wholesale Co. (NASDAQ:COST)

Crestwood Advisors Group LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,249 shares of the retailer’s stock after selling 1,742 shares during the period. Crestwood Advisors Group LLC’s holdings in Costco Wholesale were worth $30,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. 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 valued at $1,792,598,000 after purchasing an additional 876,624 shares in the last quarter. Winslow Capital Management LLC raised its position in Costco Wholesale by 86.2% during the third quarter. Winslow Capital Management LLC now owns 1,097,045 shares of the retailer’s stock valued at $389,451,000 after purchasing an additional 507,918 shares in the last quarter. Waverton Investment Management Ltd raised its position in Costco Wholesale by 2,325.2% during the third quarter. Waverton Investment Management Ltd now owns 304,004 shares of the retailer’s stock valued at $107,921,000 after purchasing an additional 291,469 shares in the last quarter. Alliancebernstein L.P. raised its position in Costco Wholesale by 8.1% during the fourth quarter. Alliancebernstein L.P. now owns 3,800,017 shares of the retailer’s stock valued at $1,431,770,000 after purchasing an additional 283,963 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Costco Wholesale by 59.1% during the fourth quarter. Toronto Dominion Bank now owns 748,292 shares of the retailer’s stock valued at $231,137,000 after purchasing an additional 277,881 shares in the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.

Shares of COST stock traded down $4.06 on Tuesday, reaching $346.15. 100,451 shares of the company were exchanged, compared to its average volume of 2,419,829. The company has a market cap of $153.33 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 4.17 and a beta of 0.66. The company has a 50-day moving average of $359.83 and a 200-day moving average of $361.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.53. Costco Wholesale Co. has a one year low of $271.28 and a one year high of $393.15.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Friday, February 5th were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.81%. Costco Wholesale’s dividend payout ratio is presently 31.64%.

COST has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $320.00 to $360.00 and gave the stock an “equal weight” rating in a report on Thursday, December 3rd. BMO Capital Markets upped their price target 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 upped their price target on shares of Costco Wholesale from $375.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. Bank of America reiterated a “buy” rating and set a $422.00 price target on shares of Costco Wholesale in a report on Wednesday, December 2nd. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price target for the company in a report on Tuesday, February 2nd. Eleven research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $386.08.

In related news, Director Susan L. Decker sold 694 shares of the company’s stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $363.35, for a total value of $252,164.90. Following the sale, the director now owns 19,047 shares in the company, valued at approximately $6,920,727.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul G. Moulton sold 9,015 shares of the company’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $366.50, for a total transaction of $3,303,997.50. Following the completion of the sale, the vice president now owns 23,049 shares in the company, valued at approximately $8,447,458.50. The disclosure for this sale can be found here. Insiders sold a total of 21,269 shares of company stock worth $7,878,998 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Costco Wholesale Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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

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