Banque Transatlantique SA Has $199.09 Million Position in Costco Wholesale Corporation $COST

by · The Markets Daily

Banque Transatlantique SA grew its holdings in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 18.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,308 shares of the retailer’s stock after acquiring an additional 31,564 shares during the period. Costco Wholesale accounts for 5.5% of Banque Transatlantique SA’s portfolio, making the stock its 6th largest holding. Banque Transatlantique SA’s holdings in Costco Wholesale were worth $199,094,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after acquiring an additional 130 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Costco Wholesale by 79.0% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 8,902 shares of the retailer’s stock worth $8,419,000 after acquiring an additional 3,928 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in Costco Wholesale by 30.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 21,026 shares of the retailer’s stock valued at $19,887,000 after purchasing an additional 4,861 shares in the last quarter. Finally, Horizon Investments LLC boosted its position in shares of Costco Wholesale by 4.6% in the first quarter. Horizon Investments LLC now owns 7,141 shares of the retailer’s stock worth $6,745,000 after purchasing an additional 317 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on COST shares. BTIG Research started coverage on shares of Costco Wholesale in a research report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price objective on the stock. Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. DA Davidson restated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research report on Thursday, December 4th. Hovde Group began coverage on Costco Wholesale in a research report on Tuesday, November 18th. They set a “market perform” rating and a $16.00 target price for the company. Finally, Raymond James Financial decreased their target price on Costco Wholesale from $1,070.00 to $1,000.00 and set an “outperform” rating on the stock in a research note on Friday. Eighteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $998.70.

Read Our Latest Analysis on Costco Wholesale

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the sale, the executive vice president directly owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 9,720 shares of company stock valued at $9,010,257. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $884.47 on Friday. The company has a market cap of $392.67 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 6.00 and a beta of 1.00. Costco Wholesale Corporation has a 1 year low of $867.12 and a 1 year high of $1,078.23. The stock’s 50 day simple moving average is $916.22 and its two-hundred day simple moving average is $951.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55.

Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Thursday, December 11th. The retailer reported $4.34 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.07. The business had revenue of $67.31 billion during the quarter, compared to analysts’ expectations of $67.03 billion. Costco Wholesale had a net margin of 2.96% and a return on equity of 30.16%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $4.04 EPS. As a group, equities analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 31st. Costco Wholesale’s payout ratio is presently 28.56%.

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

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