Lenox Wealth Advisors LLC Sells 250 Shares of Costco Wholesale Co. (COST)
Lenox Wealth Advisors LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,500 shares of the retailer’s stock after selling 250 shares during the quarter. Lenox Wealth Advisors LLC’s holdings in Costco Wholesale were worth $605,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Atalanta Sosnoff Capital LLC boosted its stake in shares of Costco Wholesale by 10.4% in the first quarter. Atalanta Sosnoff Capital LLC now owns 74,167 shares of the retailer’s stock valued at $17,959,000 after purchasing an additional 6,967 shares during the period. TrimTabs Asset Management LLC boosted its stake in shares of Costco Wholesale by 5.0% in the first quarter. TrimTabs Asset Management LLC now owns 6,474 shares of the retailer’s stock valued at $1,568,000 after purchasing an additional 308 shares during the period. We Are One Seven LLC boosted its stake in shares of Costco Wholesale by 69.8% in the first quarter. We Are One Seven LLC now owns 1,883 shares of the retailer’s stock valued at $456,000 after purchasing an additional 774 shares during the period. Somerset Trust Co boosted its stake in shares of Costco Wholesale by 0.9% in the first quarter. Somerset Trust Co now owns 13,102 shares of the retailer’s stock valued at $3,172,000 after purchasing an additional 114 shares during the period. Finally, Joel Isaacson & Co. LLC raised its holdings in Costco Wholesale by 55.0% in the first quarter. Joel Isaacson & Co. LLC now owns 2,818 shares of the retailer’s stock valued at $682,000 after acquiring an additional 1,000 shares in the last quarter. 72.22% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on COST shares. Bank of America set a $255.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a report on Friday, March 8th. TheStreet cut shares of Costco Wholesale from an “a” rating to a “c” rating in a report on Wednesday, January 16th. Raymond James raised their target price on shares of Costco Wholesale from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Evercore ISI started coverage on shares of Costco Wholesale in a report on Wednesday, March 20th. They issued an “outperform” rating and a $260.00 target price on the stock. Finally, Morgan Stanley set a $220.00 target price on shares of Costco Wholesale and gave the company a “hold” rating in a report on Friday, March 8th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $248.00.
COST stock opened at $245.81 on Friday. 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 twelve month low of $189.51 and a twelve month high of $247.25. The company has a market cap of $108.13 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 3.47 and a beta of 0.95.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business posted $1.59 EPS. As a group, analysts predict that Costco Wholesale Co. will post 7.9 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This piece was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://theolympiareport.com/2019/04/21/lenox-wealth-advisors-llc-sells-250-shares-of-costco-wholesale-co-cost.html.
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.
Featured Article: What is the Ex-Dividend Date in Investing?
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).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.