Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by True North Advisors LLC

True North Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,901 shares of the retailer’s stock after purchasing an additional 53 shares during the quarter. Costco Wholesale comprises approximately 1.0% of True North Advisors LLC’s portfolio, making the stock its 15th biggest position. True North Advisors LLC’s holdings in Costco Wholesale were worth $3,895,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC boosted its position in shares of Costco Wholesale by 118,320.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after purchasing an additional 7,390,278 shares during the period. Norges Bank purchased a new stake in Costco Wholesale in the fourth quarter valued at approximately $2,328,844,000. Morgan Stanley boosted its holdings in shares of Costco Wholesale by 18.0% in the fourth quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after acquiring an additional 1,315,174 shares during the period. Barclays PLC grew its position in shares of Costco Wholesale by 172.6% during the second quarter. Barclays PLC now owns 1,357,548 shares of the retailer’s stock worth $730,877,000 after acquiring an additional 859,599 shares during the last quarter. Finally, C WorldWide Group Holding A S acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $390,630,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now directly owns 12,395 shares in the company, valued at approximately $8,967,534.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the sale, the executive vice president now owns 6,695 shares in the company, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,582 shares of company stock valued at $10,736,778. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Tigress Financial raised their price objective on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. The Goldman Sachs Group raised their price target on Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. UBS Group increased their price objective on Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Finally, Truist Financial upped their price target on Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $668.50.

Read Our Latest Stock Report on Costco Wholesale

Costco Wholesale Stock Down 1.6 %

COST opened at $721.24 on Tuesday. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08. The company has a market cap of $319.87 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 5.07 and a beta of 0.77. The business’s fifty day moving average is $725.95 and its two-hundred day moving average is $645.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping the consensus estimate of $3.62 by $0.09. The business had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.30 EPS. Analysts anticipate that Costco Wholesale Co. will post 15.81 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 annualized dividend and a dividend yield of 0.57%. Costco Wholesale’s dividend payout ratio is currently 26.68%.

Costco Wholesale Profile

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

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