Costco Wholesale Co. (COST) Position Raised by Clarus Wealth Advisors

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Clarus Wealth Advisors increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,088 shares of the retailer’s stock after purchasing an additional 198 shares during the quarter. Clarus Wealth Advisors’ holdings in Costco Wholesale were worth $506,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Country Club Trust Company n.a. increased its position in Costco Wholesale by 8.0% in the 4th quarter. Country Club Trust Company n.a. now owns 6,556 shares of the retailer’s stock valued at $1,336,000 after acquiring an additional 484 shares in the last quarter. Bernicke Wealth Management Ltd. increased its position in Costco Wholesale by 3.3% in the 4th quarter. Bernicke Wealth Management Ltd. now owns 4,017 shares of the retailer’s stock valued at $818,000 after acquiring an additional 127 shares in the last quarter. Ruggie Capital Group acquired a new stake in Costco Wholesale in the 4th quarter valued at about $61,000. Ipswich Investment Management Co. Inc. increased its position in Costco Wholesale by 80.1% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 15,378 shares of the retailer’s stock valued at $3,133,000 after acquiring an additional 6,839 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in Costco Wholesale by 2.5% in the 4th quarter. TCI Wealth Advisors Inc. now owns 7,782 shares of the retailer’s stock valued at $1,585,000 after acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.

In related news, Director Susan L. Decker sold 2,350 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $240.00, for a total transaction of $564,000.00. Following the transaction, the director now 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 can be accessed through this hyperlink. Also, VP Richard A. Galanti sold 4,188 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $230.47, for a total transaction of $965,208.36. Following the transaction, the vice president now directly owns 30,082 shares in the company, valued at approximately $6,932,998.54. The disclosure for this sale can be found here. Insiders have sold a total of 8,587 shares of company stock worth $2,004,576 in the last three months. 0.21% of the stock is owned by insiders.

Several equities research analysts have weighed in on the stock. Nomura assumed coverage on shares of Costco Wholesale in a research report on Wednesday, March 20th. They issued a “neutral” rating and a $230.00 price objective for the company. Barclays restated a “hold” rating and issued a $225.00 price objective on shares of Costco Wholesale in a research report on Wednesday, January 9th. JPMorgan Chase & Co. raised their price objective on shares of Costco Wholesale to $248.00 and gave the company an “overweight” rating in a research report on Friday, March 8th. Deutsche Bank set a $225.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a research report on Friday, March 8th. Finally, Royal Bank of Canada raised their price objective on shares of Costco Wholesale from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale has a consensus rating of “Buy” and a consensus target price of $246.57.

Shares of NASDAQ COST opened at $246.33 on Tuesday. The stock has a market capitalization of $106.43 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 3.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.96. Costco Wholesale Co. has a 1 year low of $189.51 and a 1 year high of $247.09.

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

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

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