Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires 905 Shares of Costco Wholesale Corporation $COST

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 194.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,370 shares of the retailer’s stock after acquiring an additional 905 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Costco Wholesale were worth $1,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $27,000. Lifetime Wealth Management P.C. purchased a new position in shares of Costco Wholesale during the fourth quarter valued at about $28,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Costco Wholesale during the fourth quarter valued at about $28,000. Entrust Financial LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at about $31,000. Finally, Joseph Group Capital Management bought a new position in Costco Wholesale in the fourth quarter worth about $33,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. Daiwa Securities Group raised their price objective on shares of Costco Wholesale from $917.00 to $975.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. BTIG Research reiterated a “buy” rating and set a $1,125.00 target price on shares of Costco Wholesale in a report on Friday, May 29th. Bank of America increased their target price on Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. The Goldman Sachs Group raised their target price on Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Citigroup started coverage on Costco Wholesale in a research report on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 price target on the stock. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,061.45.

Read Our Latest Report on COST

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Insider Transactions at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director owned 4,779 shares of the company’s stock, valued at $4,575,653.55. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $951.67 on Friday. The firm has a market cap of $422.05 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 4.61 and a beta of 0.88. The stock has a fifty day simple moving average of $990.38 and a two-hundred day simple moving average of $972.57. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,096.50. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The business had revenue of $70.53 billion for the quarter, compared to the consensus estimate of $70.12 billion. During the same period in the previous year, the company earned $4.28 earnings per share. Equities analysts predict that Costco Wholesale Corporation will post 20.38 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $1.47 per share. The ex-dividend date was Friday, May 1st. This represents a $5.88 annualized dividend and a yield of 0.6%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.58%.

Costco Wholesale Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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

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