MUFG Securities EMEA plc Has $25.69 Million Holdings in Costco Wholesale Co. (COST)

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MUFG Securities EMEA plc lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.9% during the 4th quarter, Holdings Channel reports. The firm owned 126,100 shares of the retailer’s stock after selling 23,789 shares during the quarter. MUFG Securities EMEA plc’s holdings in Costco Wholesale were worth $25,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in COST. Lenox Wealth Management Inc. grew its stake in shares of Costco Wholesale by 125.9% in the fourth quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock worth $25,000 after acquiring an additional 68 shares during the last quarter. Csenge Advisory Group acquired a new stake in shares of Costco Wholesale in the third quarter worth $29,000. ERTS Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $30,000. PRW Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $36,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $37,000. Institutional investors own 72.22% of the company’s stock.

Several brokerages have recently issued reports on COST. Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $247.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday. Loop Capital raised their price objective on shares of Costco Wholesale from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 target price (up from $250.00) on shares of Costco Wholesale in a research report on Tuesday, April 9th. BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research cut Costco Wholesale from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and an average price target of $246.57.

In other Costco Wholesale news, Director Susan L. Decker sold 2,350 shares of Costco Wholesale stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $240.00, for a total transaction of $564,000.00. Following the completion of the transaction, the director now directly owns 46,239 shares of the company’s stock, valued at $11,097,360. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 2,049 shares of Costco Wholesale stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $232.00, for a total value of $475,368.00. Following the transaction, the director now directly owns 48,589 shares of the company’s stock, valued at $11,272,648. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,587 shares of company stock valued at $2,004,576. Company insiders own 0.21% of the company’s stock.

Shares of COST stock opened at $241.95 on Monday. The firm has a market capitalization of $106.12 billion, a P/E ratio of 35.42, a PEG ratio of 3.43 and a beta of 0.95. Costco Wholesale Co. has a one year low of $187.01 and a one year high of $247.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.46.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 7th. The retailer reported $2.01 EPS for the quarter, topping the consensus estimate of $1.67 by $0.34. The firm had revenue of $35.40 billion during the quarter. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. During the same period last year, the business earned $1.59 earnings per share. As a group, sell-side analysts predict that Costco Wholesale Co. will post 7.9 earnings per share for the current fiscal year.

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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: Why is cost of goods sold important?

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 Co. (NASDAQ:COST).

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

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