JustInvest LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)


Share on StockTwits

JustInvest LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,950 shares of the retailer’s stock after purchasing an additional 648 shares during the period. JustInvest LLC’s holdings in Costco Wholesale were worth $2,802,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in COST. Schonfeld Strategic Advisors LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter valued at about $8,400,000. Kathmere Capital Management LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter valued at about $89,000. Brinker Capital Investments LLC lifted its position in shares of Costco Wholesale by 88.3% during the 3rd quarter. Brinker Capital Investments LLC now owns 6,700 shares of the retailer’s stock valued at $2,379,000 after buying an additional 3,141 shares in the last quarter. Sei Investments Co. lifted its position in shares of Costco Wholesale by 10.9% during the 3rd quarter. Sei Investments Co. now owns 268,768 shares of the retailer’s stock valued at $95,259,000 after buying an additional 26,333 shares in the last quarter. Finally, Rockland Trust Co. lifted its position in shares of Costco Wholesale by 4.7% during the 4th quarter. Rockland Trust Co. now owns 3,872 shares of the retailer’s stock valued at $1,459,000 after buying an additional 174 shares in the last quarter. 67.21% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Roland Michael Vachris sold 4,300 shares of the company’s stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $334.30, for a total transaction of $1,437,490.00. Following the transaction, the vice president now directly owns 15,602 shares of the company’s stock, valued at approximately $5,215,748.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard A. Galanti sold 2,230 shares of the company’s stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $372.06, for a total value of $829,693.80. Following the transaction, the chief financial officer now directly owns 22,871 shares in the company, valued at $8,509,384.26. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

A number of research analysts have recently weighed in on COST shares. DA Davidson lowered their price objective on Costco Wholesale from $390.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 11th. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price target on the stock in a report on Tuesday, February 2nd. Royal Bank of Canada lowered their price target on Costco Wholesale from $435.00 to $399.00 and set an “outperform” rating on the stock in a report on Thursday, March 11th. Loop Capital lowered their price target on Costco Wholesale from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Friday, March 5th. They noted that the move was a valuation call. Finally, Citigroup reduced their price objective on Costco Wholesale from $380.00 to $360.00 and set a “neutral” rating on the stock in a research note on Thursday, March 11th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $387.42.

Costco Wholesale stock traded down $2.30 during mid-day trading on Tuesday, hitting $377.02. The company’s stock had a trading volume of 54,237 shares, compared to its average volume of 2,805,326. Costco Wholesale Co. has a one year low of $293.84 and a one year high of $393.15. The stock has a market cap of $166.84 billion, a PE ratio of 38.94, a P/E/G ratio of 4.17 and a beta of 0.66. The company has a 50 day moving average of $356.61 and a 200-day moving average of $361.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.53 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.31). Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The firm had revenue of $44.77 billion during the quarter, compared to analysts’ expectations of $43.71 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. Costco Wholesale’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts forecast that Costco Wholesale Co. will post 9.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 30th will be paid a dividend of $0.79 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, April 29th. Costco Wholesale’s dividend payout ratio is 35.71%.

Costco Wholesale Company Profile

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: What is the definition of arbitrage?

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).

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.