ReportWire

  • News
    • Breaking NewsBreaking News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Bazaar NewsBazaar News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Fact CheckingFact Checking | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • GovernmentGovernment News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • PoliticsPolitics u0026#038; Political News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • US NewsUS News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
      • Local NewsLocal News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • New York, New York Local NewsNew York, New York Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Los Angeles, California Local NewsLos Angeles, California Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Chicago, Illinois Local NewsChicago, Illinois Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Philadelphia, Pennsylvania Local NewsPhiladelphia, Pennsylvania Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Dallas, Texas Local NewsDallas, Texas Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Atlanta, Georgia Local NewsAtlanta, Georgia Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Houston, Texas Local NewsHouston, Texas Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Washington DC Local NewsWashington DC Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Boston, Massachusetts Local NewsBoston, Massachusetts Local News| ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • San Francisco, California Local NewsSan Francisco, California Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Phoenix, Arizona Local NewsPhoenix, Arizona Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Seattle, Washington Local NewsSeattle, Washington Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Tampa Bay, Florida Local NewsTampa Bay, Florida Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Detroit, Michigan Local NewsDetroit, Michigan Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Minneapolis, Minnesota Local NewsMinneapolis, Minnesota Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Denver, Colorado Local NewsDenver, Colorado Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Orlando, Florida Local NewsOrlando, Florida Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Miami, Florida Local NewsMiami, Florida Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Cleveland, Ohio Local NewsCleveland, Ohio Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Sacramento, California Local NewsSacramento, California Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Charlotte, North Carolina Local NewsCharlotte, North Carolina Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Portland, Oregon Local NewsPortland, Oregon Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Raleigh-Durham, North Carolina Local NewsRaleigh-Durham, North Carolina Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • St. Louis, Missouri Local NewsSt. Louis, Missouri Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Indianapolis, Indiana Local NewsIndianapolis, Indiana Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Pittsburg, Pennsylvania Local NewsPittsburg, Pennsylvania Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Nashville, Tennessee Local NewsNashville, Tennessee Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Baltimore, Maryland Local NewsBaltimore, Maryland Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Salt Lake City, Utah Local NewsSalt Lake City, Utah Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • San Diego, California Local NewsSan Diego, California Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • San Antonio, Texas Local NewsSan Antonio, Texas Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Columbus, Ohio Local NewsColumbus, Ohio Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Kansas City, Missouri Local NewsKansas City, Missouri Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Hartford, Connecticut Local NewsHartford, Connecticut Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Austin, Texas Local NewsAustin, Texas Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Cincinnati, Ohio Local NewsCincinnati, Ohio Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Greenville, South Carolina Local NewsGreenville, South Carolina Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
        • Milwaukee, Wisconsin Local NewsMilwaukee, Wisconsin Local News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • World NewsWorld News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
  • SportsSports News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
  • EntertainmentEntertainment News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • FashionFashion | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • GamingGaming | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Movie u0026amp; TV TrailersMovie u0026#038; TV Trailers | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • MusicMusic | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Video GamingVideo Gaming | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
  • LifestyleLifestyle | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • CookingCooking | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Dating u0026amp; LoveDating u0026#038; Love | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • EducationEducation | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Family u0026amp; ParentingFamily u0026#038; Parenting | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Home u0026amp; GardenHome u0026#038; Garden | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • PetsPets | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Pop CulturePop Culture | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
      • Royals NewsRoyals News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Real EstateReal Estate | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • Self HelpSelf Help | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • TravelTravel | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
  • BusinessBusiness News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • BankingBanking | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • CreditCredit | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • CryptocurrencyCryptocurrency | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • FinanceFinancial News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
  • HealthHealth | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • CannabisCannabis | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • NutritionNutrition | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
  • HumorHumor | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
  • TechnologyTechnology News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
    • GadgetsGadgets | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.
  • Advertise With Us

Tag: COST

  • Costco earnings top Wall Street estimates, but stock falls

    Costco earnings top Wall Street estimates, but stock falls

    [ad_1]

    Costco Wholesale Corp. shares slipped in the extended session Tuesday even after the membership warehouse chain reported quarterly results that topped Wall Street estimates.

    Costco
    COST,
    -1.01%

    shares fell 1.5% after hours, following a 1% decline in the regular session to close at $552.96.

    Costco reported fourth-quarter net income of $2.16 billion, or $4.86 a share, compared with $1.87 billion, or $4.20 a share, in the year-ago period.

    Revenue rose to $78.94 billion from $72.09 billion in the year-ago quarter.

    Analysts on average expected earnings of $4.82 a share on revenue of $78.81 billion, according to FactSet.

    Sales at stores open for at least a year rose 1.1%, or 3.8% adjusted for gasoline and currency, compared with the 3.5% Street estimates.

    Total annual revenue rose to $242.29 billion from $226.95 billion in the previous fiscal year. Analysts were forecasting $242.17 billion in revenue.

    Costco shares have gained 21.1% year to date, while the S&P 500 index
    SPX,
    -1.47%

    has gained 11.3%.

    [ad_2]

    Source link

    September 26, 2023
  • Costco to clamp down on sharing of membership cards

    Costco to clamp down on sharing of membership cards

    [ad_1]

    Costco Corp. plans to take a tougher line on the sharing of membership cards.

    The bulk retailer intends to ask customers to show photo identification in addition to a Costco
    COST,
    +1.32%

    membership card when going through the self-checkout process. The Dallas Morning News first reported on the development last week.

    A Costco spokesperson emphasized that the company’s policy isn’t changing, as the it always required membership cards at checkout. With the rise of self checkout, however, the company has noticed non-members using cards that don’t belong to them.

    “We don’t feel it’s right that non-members receive the same benefits and pricing as our members,” a Costco spokesperson said.

    The company indicated on its last earnings call that it was likely to hold off on increasing its membership fees, even as an analyst suggested Costco would appear to have room for a hike.

    See more: Grocery prices are still going up, but Costco membership fees aren’t — for now

    “Our view right now is that we’ve got enough levers out there to drive business,” Chief Financial Officer Richard Galanti said on the earnings call, although his view is that Costco would be able to increase fees if it wanted to without meaningfully crimping renewal or signup rates.

    Costco offers Gold Star and Business memberships for $60 each annually, as well as an Executive membership that costs $120. That higher tier of membership gives consumers a 2% reward on qualifying purchases from the company, among other benefits.

    Costco joins Netflix Inc.
    NFLX,
    +0.27%

    in clamping down on what the companies see as an abuse of membership privileges. The streaming service has moved recently to rein in account-sharing by viewers in different households, requiring either that freeloaders pay for their own accounts or that account holders pay extra to add additional viewers.

    Netflix’s initiative seems to be having the desired financial effect, initial third-party data points indicate.

    See also: Netflix stock rally builds as company wins cheers for password-sharing success

    Read: Netflix could be looking at a ‘once-in-a-lifetime opportunity’

    Bill Peters contributed.

    [ad_2]

    Source link

    June 27, 2023
  • 14,555 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Talbot Financial LLC

    14,555 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Talbot Financial LLC

    [ad_1]

    Talbot Financial LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,555 shares of the retailer’s stock, valued at approximately $6,644,000.

    Other institutional investors and hedge funds also recently bought and sold shares of the company. Canal Capital Management LLC boosted its holdings in Costco Wholesale by 8.5% in the 4th quarter. Canal Capital Management LLC now owns 563 shares of the retailer’s stock valued at $257,000 after purchasing an additional 44 shares during the period. TCG Advisory Services LLC boosted its holdings in Costco Wholesale by 2.6% in the 3rd quarter. TCG Advisory Services LLC now owns 817 shares of the retailer’s stock valued at $386,000 after purchasing an additional 21 shares during the period. united american securities inc. d b a uas asset management boosted its holdings in Costco Wholesale by 105.5% in the 3rd quarter. united american securities inc. d b a uas asset management now owns 41,525 shares of the retailer’s stock valued at $19,611,000 after purchasing an additional 21,319 shares during the period. Accurate Wealth Management LLC bought a new position in Costco Wholesale in the 4th quarter valued at $191,000. Finally, Capital Investment Advisors LLC boosted its holdings in Costco Wholesale by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 13,748 shares of the retailer’s stock valued at $6,276,000 after purchasing an additional 252 shares during the period. 66.03% of the stock is owned by institutional investors.

    Insider Activity at Costco Wholesale

    In related news, EVP Caton Frates sold 600 shares of the stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $497.35, for a total transaction of $298,410.00. Following the sale, the executive vice president now directly owns 4,320 shares of the company’s stock, valued at approximately $2,148,552. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by insiders.

    Analysts Set New Price Targets

    COST has been the topic of several research reports. Evercore ISI lowered their price objective on shares of Costco Wholesale from $545.00 to $535.00 in a research report on Thursday, April 6th. Oppenheimer restated an “outperform” rating and set a $550.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 6th. Telsey Advisory Group restated an “outperform” rating and set a $540.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 6th. TheStreet upgraded shares of Costco Wholesale from a “c” rating to a “b” rating in a research report on Thursday, March 23rd. Finally, Truist Financial decreased their price objective on Costco Wholesale from $571.00 to $568.00 in a report on Thursday, May 4th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $548.72.

    Costco Wholesale Stock Up 1.0 %

    NASDAQ:COST opened at $527.20 on Thursday. The firm’s 50-day moving average price is $501.51 and its 200-day moving average price is $492.38. The company has a market capitalization of $233.60 billion, a PE ratio of 39.05, a P/E/G ratio of 4.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.08 and a quick ratio of 0.57. Costco Wholesale Co. has a 1-year low of $443.20 and a 1-year high of $564.75.

    Costco Wholesale (NASDAQ:COST – Get Rating) last released its earnings results on Thursday, May 25th. The retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.11. The firm had revenue of $53.65 billion for the quarter, compared to the consensus estimate of $54.58 billion. Costco Wholesale had a net margin of 2.55% and a return on equity of 28.18%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.17 EPS. On average, equities analysts predict that Costco Wholesale Co. will post 14.4 EPS for the current fiscal year.

    Costco Wholesale Increases Dividend

    The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 5th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 0.77%. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, May 4th. Costco Wholesale’s dividend payout ratio is 30.22%.

    Costco Wholesale Profile

    (Get Rating)

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

    Read More

    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 – Get Rating).

    Institutional Ownership by Quarter for Costco Wholesale (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.

    [ad_2]

    ABMN Staff

    Source link

    June 15, 2023
  • Industrial Alliance Investment Management Inc. Decreases Stake in Costco Wholesale Co. (NASDAQ:COST)

    Industrial Alliance Investment Management Inc. Decreases Stake in Costco Wholesale Co. (NASDAQ:COST)

    [ad_1]

    Industrial Alliance Investment Management Inc. reduced its holdings in Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,991 shares of the retailer’s stock after selling 3,157 shares during the period. Costco Wholesale makes up 1.0% of Industrial Alliance Investment Management Inc.’s holdings, making the stock its 21st biggest position. Industrial Alliance Investment Management Inc.’s holdings in Costco Wholesale were worth $35,146,000 as of its most recent SEC filing.

    Other hedge funds and other institutional investors have also recently modified their holdings of the company. United Bank raised its stake in Costco Wholesale by 9.2% during the first quarter. United Bank now owns 5,254 shares of the retailer’s stock worth $3,026,000 after purchasing an additional 444 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Costco Wholesale by 33.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock valued at $220,948,000 after acquiring an additional 96,566 shares during the last quarter. Covestor Ltd increased its position in shares of Costco Wholesale by 87.1% during the first quarter. Covestor Ltd now owns 232 shares of the retailer’s stock valued at $134,000 after acquiring an additional 108 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Costco Wholesale during the first quarter valued at about $333,000. Finally, Next Century Growth Investors LLC increased its position in shares of Costco Wholesale by 0.9% during the first quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock valued at $1,965,000 after acquiring an additional 30 shares during the last quarter. 66.03% of the stock is owned by hedge funds and other institutional investors.

    Insider Transactions at Costco Wholesale

    In other news, EVP Caton Frates sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $497.35, for a total transaction of $298,410.00. Following the completion of the sale, the executive vice president now owns 4,320 shares in the company, valued at approximately $2,148,552. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.22% of the company’s stock.

    Analyst Upgrades and Downgrades

    A number of brokerages have weighed in on COST. William Blair began coverage on shares of Costco Wholesale in a research report on Wednesday, April 12th. They set an “outperform” rating for the company. Roth Capital reiterated a “neutral” rating on shares of Costco Wholesale in a research report on Friday, March 10th. Northcoast Research upgraded shares of Costco Wholesale from a “neutral” rating to a “buy” rating and set a $560.00 price target for the company in a research report on Tuesday, March 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Costco Wholesale from $575.00 to $574.00 in a research report on Thursday, April 6th. Finally, StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $548.72.

    Costco Wholesale Stock Up 0.7 %

    Shares of Costco Wholesale stock opened at $520.97 on Tuesday. Costco Wholesale Co. has a 52-week low of $443.20 and a 52-week high of $564.75. The company has a 50 day moving average of $500.42 and a 200 day moving average of $492.22. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $230.84 billion, a P/E ratio of 38.59, a P/E/G ratio of 4.32 and a beta of 0.79.

    Costco Wholesale (NASDAQ:COST – Get Rating) last issued its quarterly earnings data on Thursday, May 25th. The retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.11. The business had revenue of $53.65 billion during the quarter, compared to the consensus estimate of $54.58 billion. Costco Wholesale had a net margin of 2.55% and a return on equity of 28.18%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.17 EPS. As a group, research analysts forecast that Costco Wholesale Co. will post 14.4 EPS for the current fiscal year.

    Costco Wholesale Increases Dividend

    The business also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, May 4th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.90. Costco Wholesale’s payout ratio is currently 30.22%.

    Costco Wholesale Company Profile

    (Get Rating)

    Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

    Featured Articles

    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 – Get Rating).

    Institutional Ownership by Quarter for Costco Wholesale (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.

    [ad_2]

    ABMN Staff

    Source link

    June 13, 2023
  • J&J to Lift Dividend for 61st Year. These 6 Firms Are Raising Payouts Too.

    J&J to Lift Dividend for 61st Year. These 6 Firms Are Raising Payouts Too.

    [ad_1]

    This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

    https://www.barrons.com/articles/stocks-raising-dividends-j-j-costco-60f5d6ad



    April 22, 2023 4:00 am ET

    • Order Reprints

    • Print Article


    [ad_2]

    Source link

    April 22, 2023
  • There’s No Such Thing as a Casual Interaction With Your Doctor Anymore

    There’s No Such Thing as a Casual Interaction With Your Doctor Anymore

    [ad_1]

    The pandemic initiated a slew of transformations, and though many have not stuck, one indisputably has: Telehealth is booming in America. This golden age of electronic engagement has one massive benefit—doctors are more accessible than ever. Unfortunately, this virtue is also proving to be telehealth’s biggest problem. For patients, being able to reach their doctors by video visit, phone call, or email is incredibly convenient, but physicians have been overwhelmed by the constant communication. This cost is now being shifted back to the patients, and almost every interaction with a doctor, no matter how casual, counts as some form of “visit” now.

    At the start of the pandemic, telehealth was lauded as the beginning of a revolution in medicine. Patients quickly became adept at using online portals to reach their doctors, frequently writing to them with quick questions or concerns in between visits. But when in-person visits largely resumed, this higher volume of online messaging did not go away. In fact, it did not even seem to decrease. And though a video appointment and office visit might be interchangeable in a doctor’s daily schedule, busy physicians found themselves with little time to respond to those smaller communications.

    To stay above water, some doctors and health systems have started charging for many of their responses. These in-between interactions, once considered a standard part of care, are being reframed as separate services, many of which warrant additional charges. Having an informal relationship with your doctor is now just fiction: You get the care that you pay for.


    When Jed Jacobsohn got COVID for the first time in May, he began gathering information. How long should he quarantine for? How could his two young children stay healthy? He decided to give his doctor a quick call, and after five minutes, he hung up satisfied, he told me. Next thing he knew, he had a $180 bill. His satisfaction evaporated.

    For a patient, five minutes is fleeting; for a doctor, five minutes on the phone generates a chunk of associated work, including reviewing the patient’s chart, updating notes, and putting in orders for medications, tests, or referrals. Most doctors work for health systems that use “relative value units” to calculate how they get compensated. “You can think of them like productivity points,” A Jay Holmgren, an assistant professor at UC San Francisco who researches asynchronous messaging, told me. In order to get paid, doctors must get a certain amount of work done. Since March 2020, billing for both synchronous telehealth (that is, video visits) and asynchronous telehealth (emails and other online messages) has been allowed for the majority of providers, Holmgren told me. One explanation for billing for messages is that health systems were recognizing the time spent responding as work and ensuring that physicians could answer queries without working outside of their hours, reducing their patient load, or taking a pay cut. For those who work in private practice, billing for messaging can function as self-accountability. When Reed Wilson, a doctor in internal medicine and cardiology, used to run a private practice, he rarely had time left by the end of his long workdays to answer or respond to calls or online messages. He worried that they would get pushed aside. “That’s why I had the administrative fee,” Wilson told me. “I was providing a service.” Of course, both health systems and private practices are also businesses, which benefit from new revenue streams

    Being billed painfully large amounts of money for seemingly small increments of health care is nothing new. So why does the idea of a $180 bill for a phone call hit so hard? Part of the resistance can be attributed to the distinction between cost and value, Jeremy Greene, a doctor and researcher at Johns Hopkins who also wrote a book on telemedicine, told me. Jacobsohn, for instance, had really only phoned his physician to be responsible and avoid using Twitter or Google as his only source of information. Telehealth can certainly be a good substitute for an in-person visit, but if a quick phone call with a doctor simply affirms what a patient already knows, paying the bill might feel like a waste of money—especially if the patients themselves are coughing up the cash.

    Although Jacobsohn paid a particularly high amount because of his insurance plan, even if an insurance company is footing the bill, being charged might still rankle. Calling your doctor or emailing them has long been part of standard care; paying for it is new. The disconnect between patients’ past expectations and new reality comes down to the hidden costs of care. At the same time, though a five-minute phone call is more work for a doctor than many patients realize, it can also feel less fulfilling than another type of visit. For some, feeling truly seen by their doctor requires actually seeing their doctor (whether that’s in person or on a video call).


    Patients do value different types of interactions with doctors differently. Burt Rosen, a patient advocate who is dealing with two different types of cancer, puts it this way: “If I were scaling this emotionally, I would say in-person visits should be the most expensive, video should be below it, and then calls should be below that.” If each of these services takes the same amount of time, by a certain logic, they should have the same charge; but for most people it doesn’t quite measure out that way. “If a televisit is not good enough but then costs as much as an in-person visit, then we’re effectively creating a substandard mode of care,” Greene said. This doesn’t mean that telehealth itself is subpar, but rather that paying for an unsatisfying telehealth visit might register more strongly than paying for a disappointing in-person one. Even the purported convenience of telehealth might not be quite the panacea it once seemed: Zoe Steinberg, a medical illustrator who is disabled and deals with many doctor appointments as a result, told me that she generally appreciates telehealth, but finds it frustrating to have to make what counts as an entire doctor appointment for a quick query that any health-care provider—not just a doctor—could answer. “I’ve definitely had days where I was just pulling my hair out because of little issues with telehealth that I’m having,” she said.

    Ultimately, these bills for all encounters with a doctor are a more honest representation of how medicine works now than one in which a friendly doctor can field questions as a complimentary service. The field has long been shifting toward corporatization, and away from the more genteel norms once associated with care. This latest trend is edging out one of the remaining areas that had not been made fully transactional. Yes, being a doctor means cultivating meaningful, intimate relationships with patients. But, like so many other jobs, being a doctor is becoming more and more standardized.

    [ad_2]

    Zoya Qureshi

    Source link

    March 30, 2023
  • Dow up 500 points as pace of jobs growth, wage gains cools in December

    Dow up 500 points as pace of jobs growth, wage gains cools in December

    [ad_1]

    U.S. stocks advanced Friday, with the Dow rising 500 points, as monthly Labor Department data showed the pace of job creation cooled in December while wage gains slowed, fueling hopes that the Federal Reserve’s interest rate hikes are starting to have the desired effect.

    How are stocks trading
    • The S&P 500
      SPX,
      +1.85%

      gained 61 points, or 1.6%, to 3,869.

    • Dow Jones Industrial Average
      DJIA,
      +1.85%

      climbed 528 points, or 1.6%, to 33,458.

    • Nasdaq Composite
      COMP,
      +2.93%

      advanced 155 points, or 1.5%, to 10,460.

    After several sessions of choppy trade stocks finished lower on Thursday. However, thanks to Friday’s strong rebound, the S&P 500 is on track to finish the week in the green after four consecutive weekly declines.

    What’s driving markets

    Stock-market bulls cheered Friday’s jobs report, which showed that the pace of job creation and wage growth cooled last month, contradicting labor-market data released earlier in the week.

    The December nonfarm payrolls report showed 223,000 jobs were created in December, above expectations for 200,000 new jobs, though the pace of job creation slowed from 256,000 during November. Wages grew by just 0.3% in December, down from 0.4% a month earlier.

    See: U.S. adds 223,000 jobs in December and jobless rate matches 55-year low of 3.5%

    While stocks advanced in the wake of the data, it seems the labor market has continued to confound expectations for an imminent recession, market analysts said. While the pace of wage growth has slowed slightly, workers continued to command higher pay, even if wages have lagged headline inflation.

    “This is not going to push the Fed off its agenda one iota,” said Brad Conger, deputy chief investment officer at Hirtle, Callaghan & Co., in commentary about Friday’s data.

    Numerous Fed officials have made clear that they want to see unemployment climb in order to help suppress inflation and engineer a return to the Fed’s 2% target. Senior Fed officials expect unemployment to rise by nearly a percentage point in 2023, according to projections released in December.

    “The release was a win-win from the Fed’s perspective, as it signaled that wage inflation is moderating while job growth remains steady,” said Peter Essele, Head of Portfolio Management, Commonwealth Financial Network. “Coupled with the fact that headline inflation continues to move in the right direction, there’s a growing chance the Fed may be able to navigate a soft landing in the economy. If it meets its target, 2023 could be one of the best years for markets given the amount of negative investor sentiment currently weighing on prices.”

    The S&P 500 index is down more than 19% from its 52-week high after the Fed raised interest rates by 4.25 percentage points in 2022 in an attempt to crush inflation that hit a four-decade high of 9.1% in June, according to the consumer-price index.

    Jobs data released earlier in the week painted a picture of a labor market that had remained robust despite the Fed’s best efforts, and it’s not clear whether Friday’s data have meaningfully changed this perception, market strategists said.

    JOLTS data released Tuesday showed more than 10 million jobs remained open. Analysts noted that the ADP private sector employment report released on Thursday was stronger than expected, which triggered a selloff in stocks.

    Later Friday morning in New York, the ISM services sector index for December turned negative for the first time since May 2020, indicating a slowdown in the all-important services sector. The ISM services index slowed to 49.6% in December from 56.5%, below forecast.

    The drumbeat of cautious Fedspeak continued on Friday, with Federal Reserve Governor Lisa Cook saying that inflation “remains far too high, despite some encouraging signs lately.” The pace of inflation has cooled in recent months, according to the consumer-price index.

    Atlanta Fed President Raphael Bostic said on CNBC Friday that the December jobs data “doesn’t really change my outlook at all.”

    A number of other Fed speakers are expected Friday, including Richmond Fed President Tom Barkin at 12:15 p.m. and Kansas City Fed President Esther George at 1 p.m.

    Single-stock movers
    • Technology stocks may be under pressure on Friday after Samsung Electronics KR:005930 said quarterly profits fell to an eight-year low as it saw weaker demand for chips and smartphones.

    • Southwest Airlines Co. 
      LUV,
      +2.51%

      shares are worth watching after the airline warned Friday that it expects to report a surprise net loss for the fourth quarter after canceling thousands of flights over the holidays.

    • Tesla Inc. shares are sinking lower after the electric vehicle maker cut prices in China again.

    • World Wrestling Entertainment 
      WWE,
      +22.56%

      shares soared as founder Vince McMahon returned to the company.

    • Shares of Bed Bath & Beyond Inc.
      BBBY,
      -21.60%

      slumped as the company said it was likely to file for bankruptcy.

    • Costco Wholesale Corp. 
      COST,
      +6.77%

      shares climbed on strong holiday sales. 

    [ad_2]

    Source link

    January 6, 2023
  • Costco stock rises as holiday sales gain even as online sales recede

    Costco stock rises as holiday sales gain even as online sales recede

    [ad_1]

    Costco Wholesale Corp. shares ticked higher in the extended session Thursday after the warehouse club reported a rise in holiday sales from a year ago, even as online sales pulled back.

    Costco
    COST,
    -1.40%

    said December sales rose 7% to $23.8 billion, up from $22.24 billion a year ago.

    For the 18 weeks ending Jan. 1, sales rose 7.6% to $81.16 billion, up from $76.34 billion in the year-ago period.

    While same-store sales grew for each period, e-commerce sales declined. Total company same-store sales rose 5.5% for the month and 6.1% for the 18 weeks ending Jan. 1., while e-commerce sales declined 6.4% and 4.8%, respectively.

    Costco shares rose more than 2% after hours, following a 1.4% decline to close the regular session at $450.19.

    [ad_2]

    Source link

    January 5, 2023
  • Biologics for CSU: When Is it Time to Try?

    Biologics for CSU: When Is it Time to Try?

    [ad_1]




    Is It Time to Try a Biologic for CSU?

































    091e9c5e820faac4091e9c5e820faac4FED-Footermodule_FED-Footer_091e9c5e820faac4.xmlwbmd_pb_templatemodule0144002/02/2021 01:57:340HTML















    [ad_2]

    Source link

    December 27, 2022
  • Biologics for CSU: When Is it Time to Try?

    Biologics for CSU: When Is it Time to Try?

    [ad_1]

    If you have chronic spontaneous urticaria (CSU), also called chronic hives, and treatments like antihistamines and steroids aren’t helping, you may be a good candidate for biologics.

    What Are Biologics?

    Biologics are medicines that target specific antibodies, molecules, and cell receptors that cause inflammation and may trigger an allergic reaction like CSU.

    Omalizumab (Xolair) is the only FDA-approved biologic for CSU. It’s approved for adolescents and adults 12 years and older who have chronic hives. It’s a shot you get about once a month. It blocks IgE, the antibody that causes allergies.

    When you first try a biologic, your doctor gives you the shot to make sure everything goes smoothly. “There’s about a 1 in 2,000 risk of having an allergic reaction to the medication, so the first several doses are administered in a physician’s office or [an] infusion clinic,” says Kara Wada, MD, an allergist and immunologist at the Ohio State University Wexner Medical Center in Columbus.

    Your doctor may recommend that you keep taking your other CSU medicines at the same time.

    Do Biologics Work Well?

    Research suggests biologics are an effective treatment for CSU with a low risk of side effects. 

    In one study, more than 70% of the participants felt better within 24 weeks of taking a biologic. If a biologic helps with your CSU symptoms, you may also see improvements in your sleep quality, stress levels, and quality of life.

    Biologics are considered low–risk for side effects, compared with immunosuppressant and anti-inflammatory drugs for CSU.

    When to Try a Biologic

    Your doctor may recommend a biologic if traditional CSU treatments aren’t working for you.

    “Typically, I start considering a biologic if a patient is having daily symptoms that aren’t responding well to antihistamine medications,” Wada says.

    With CSU, it’s best to take a step-by-step approach. The first step may be over-the-counter antihistamines. Your doctor may recommend higher doses of antihistamines than you would take for other allergies.

    Your doctor may also recommend steroids or other immunosuppressive medicines for a short time.

    “It may take a few weeks to have improvement,” says Viktoryia Kazlouskaya, MD, PhD, a dermatologist and dermatopathologist at Khrom Dermatology & Aesthetics in Brooklyn, NY. “Patience is key.”

    If your body is resistant to high doses of antihistamines, your doctor may recommend a biologic.

    What Biologics Are Available Now

    Although omalizumab is the only biologic approved for treating CSU right now, there are more on the horizon. “Other biologics are being studied, but aren’t yet FDA-approved,” Kazlouskaya says.

    Some doctors may use biologics that are approved to treat other conditions. This is called off-label use. They may try biologics like benralizumab (Fasenra), dupilumab (Dupixent), mepolizumab (Nucala), reslizumab (Cinqair), and secukinumab (Cosentyx) to treat CSU.

    Researchers are studying the following biologics to see how well they treat CSU:

    • Benralizumab (Fasenra), mepolizumab (Nucala), and reslizumab (Cinqair). These medicines are approved to treat asthma, but not CSU.
    • Dupilumab (Dupixent). In a small study, this medicine helped people who didn’t respond to omalizumab.
    • Ligelizumab (QGE031). Like omalizumab, this is an antibody that binds to IgE.
    • Secukinumab (Cosentyx). This medicine may help people with chronic hives who don’t get relief from other treatment options.

    Doctors hope to have more options as studies continue. With more biologics to choose from, doctors can use predictive biomarkers to choose which one is most likely to work for you.

    What to Consider With Biologics

    Though proven to have many benefits, biologics have also been shown to have several downsides.

    Inconvenience. You may have to go to a doctor’s office every month to get your shot or IV. “If you’re low-risk, you may be able to do it at home,” Wada says, “but that’s less common.”

    High costs. “Biologics also have a high price point,” Wada says. “Most people will need insurance coverage or will have to rely on the drug company’s copay assistance programs to help offset the costs.” On top of the biologic’s cost, you may also have to pay your doctor’s office or IV center for administrative costs if they charge any.

    Long-term effect. Even though studies suggest biologics improve CSU symptoms, it’s unclear if they can change the long-term course of your CSU. If you take a biologic and decrease your dose or stop taking it altogether, it’s possible for your symptoms to come back. You might need to take a biologic for a long time to trigger remission. 

    Health Insurance Considerations

    “Unfortunately, it’s very challenging to get biologics for patients with CSU, especially if they don’t have private insurance coverage,” Kazlouskaya says.

    You may have to wait a few months for approval. Your health insurance company may require you to try a less expensive medicine first, even if it’s not effective for CSU.

    Even if your health insurance approves a biologic, you may still have high out-of-pocket costs, depending on the type of plan you have. “Some high-deductible health care plans require that patients meet their out-of-pocket costs before coverage kicks in,” Wada says.

    If you have Medicare, you may not qualify for copay assistance programs.

    Biologics may work well and give you relief from CSU symptoms. But they’re not for everyone. Talk to your allergist about what’s right for you and whether it’s time to try a biologic.

    [ad_2]

    Source link

    December 27, 2022
  • Apple, Alibaba, NIO, and More Stock Market Movers Monday

    Apple, Alibaba, NIO, and More Stock Market Movers Monday

    [ad_1]

    Stock futures traded lower Monday as investors remained keyed on interest rate policy from the Federal Reserve and as a surge in China stocks over a loosening of Covid-19 restrictions in the country failed to boost U.S. equities.

    Here are some stocks that could make moves Monday:

    [ad_2]

    Source link

    December 5, 2022
  • Costco stock cut to market perform at Wells Fargo on headwinds

    Costco stock cut to market perform at Wells Fargo on headwinds

    [ad_1]

    Wells Fargo analyst Edward Kelly on Monday cut his rating on Costco Wholesale Corp.
    COST,
    -1.86%

    to equal weight from overweight and reduced the retailing giant’s price target to $490 a share from $600 a share. “COST remains a high-quality name, but we see a number of hurdles in the path of this rich multiple stock moving forward,” Kelly said. Risks include slower price increases in food, weakening consumer spending and an eventual pullback in fuel margins, as well as currency exposure. “We see more risk to consensus estimates going forward than upside potential, not a good set-up for this name given its valuation,” Kelly said. A potential hike in membership fees and a special dividend in 2023 provide some support for the stock, but “both seem anticipated at this point,” he said. Shares of Costco fell 1.6% in premarket trades. The stock is down 14.3% in 2022, compared to a 20.9% loss by the S&P 500
    SPX,
    +0.14%
    .

    [ad_2]

    Source link

    November 7, 2022
  • Kroger and Albertsons Say Their Merger Will Cut Prices. Their Shares Are Tumbling.

    Kroger and Albertsons Say Their Merger Will Cut Prices. Their Shares Are Tumbling.

    [ad_1]

    With inflation still an untamed threat, Friday’s announced merger of the grocers


    Kroger


    and


    Albertsons


    will spur debate about whether the consolidation will raise food prices, or lower them.

    The Biden administration’s antitrust regulators are scrutinizing mergers more closely than did predecessors, and an old argument against combinations is that they lead to price-gouging.

    [ad_2]

    Source link

    October 14, 2022
  • Here’s where home insurance prices are going up in North Carolina

    Here’s where home insurance prices are going up in North Carolina

    [ad_1]


    Home Insurance Loophole

    If you own your home, check your bill: Half of all insurance policies in North Carolina have a loophole disclaimer that leaves the customer paying up to hundreds of dollars more per year than state officials intend. We investigated to bring you answers.


    Home insurance is getting more expensive in North Carolina.

    Skyrocketing building material costs and a higher risk of natural disasters are making it more costly to provide coverage, industry experts say. As a result, the N.C. Department of Insurance — which regulates the cost of policies in the state — approved a statewide average rate increase of 7.9% earlier this year.

    But there’s also a way that insurance companies can charge rates higher than those approved by state officials: a consent to rate policy.

    These types of policies are becoming more common in North Carolina. In 2012, about 22% of premiums paid on residential property insurance came from a consent to rate policy, according to a study in the Journal of Insurance Regulation citing state data. Now, that number statewide and in the Charlotte region is around 50%, according to a new analysis by The Charlotte Observer.

    On average, customers with a consent to rate policy paid $321 more on home insurance last year.

    North Carolina’s insurance department data is broken down by insurance territories rather than counties, so you’ll see that reflected in the charts below.

    Here’s where standardized rate increases were approved, going into effect June 1, 2022.

    This story was originally published September 21, 2022 5:00 AM.

    Related stories from Charlotte Observer

    Hannah Lang covers banking, finance and economic equity for The Charlotte Observer. Her work has appeared in The Wall Street Journal, the Triangle Business Journal and the Greensboro News & Record. She studied business journalism at the University of North Carolina at Chapel Hill and grew up in the same town as her alma mater.

    [ad_2]

    Source link

    September 21, 2022
  • Austin Pets Alive! | Austin Pets Alive! President and CEO Gives…

    Austin Pets Alive! | Austin Pets Alive! President and CEO Gives…

    [ad_1]

    Jul 22, 2021

    The City of Austin’s Animal Advisory Commission recently created a Working Group to focus on Austin Animal Center’s shelter space concerns. The Commission held a Special Called meeting this past Monday to discuss the findings of the Working Group as well as hear APA!’s quarterly report. At Monday’s Animal Advisory Commission, APA! President and CEO, Dr. Ellen Jefferson presented. Below is a summary of her comments to the Commission.

    Austin Pets Alive! is the largest city of Austin Animal Services partner in lifesaving and the largest subsidizer of the city’s budget to serve Austin animals.

    APA! takes animals that have medical and behavioral issues that require a higher cost per animal than the average healthy animal and care. APA! focuses on these animals in an effort to have a measurable effect on the live release rate at Austin Animal Center (AAC).

    In June alone, of all the animals that were transferred from AAC to any partner, APA! took 77% of those animals and over 200 times the number taken by the other brick and mortar shelters in Austin.

    APA!’s cost to care for the animals pulled this past quarter was approximately $500,000 – $750,000. These numbers are currently being validated through an external agency and will be reflected as accurately as possible in future reports.

    APA! receives no funding from the City of Austin but through a license agreement does receive use of the Town Lake Animal Center (TLAC) facility, which on the rental market could reasonably expect to receive about $8 per square foot per year in rent for the use (kennel), the condition its in (deteriorated), and the location it is in which, at best, is $100,000 per quarter. APA! therefore contributed between $400,000-$650,000 last quarter alone to subsidize the city’s budget to serve Austin animals. That is just for the animals we’re taking in from AAC, not for the other work we’re doing in the community.

    APA!’s mission is to eliminate the unnecessary killing of shelter animals. Over the last 10 years of this license agreement, the role of APA’s support at AAC has shifted away from lifesaving and into serving as overflow for Austin Animal Center, which was never the intention of the license agreement that was drafted 10 years ago. That’s what we’ve been trying to re-negotiate for the last five years. What that means is that Austin Pets Alive! is serving many animals that should not be at risk of euthenasia in the city’s publicly-funded shelter.

    AAC has received an increase in budget of more than $10 million since the original license agreement was signed, and many supports have been put in place over the years by the Austin City Council. APA! is 100% committed to continuing to serve as a safety net for animals that cannot be saved through taxpayer dollars and is currently negotiating a license agreement that more accurately reflects the mission of APA! and the responsible utilization of all the funds put towards animals, whether they are donated or taxpayer-funded.

    You can find the complete 2nd Quarter Report from APA! to the Animal Advisory Commission here.

    You can watch the complete meeting here.

    [ad_2]

    Source link

    July 22, 2021
←Previous Page
1 2 3 4

ReportWire

Breaking News & Top Current Stories – Latest US News and News from Around the World

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress