Czech National Bank Raises Stock Position in Costco Wholesale Corporation $COST

Czech National Bank grew its holdings in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,860 shares of the retailer’s stock after purchasing an additional 4,226 shares during the quarter. Costco Wholesale accounts for about 0.7% of Czech National Bank’s holdings, making the stock its 21st biggest holding. Czech National Bank’s holdings in Costco Wholesale were worth $100,773,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in COST. Hurley Capital LLC lifted its holdings in Costco Wholesale by 120.0% during the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after buying an additional 18 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Costco Wholesale in the third quarter worth $34,000. Collier Financial acquired a new position in shares of Costco Wholesale in the third quarter worth $35,000. AXS Investments LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth $36,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth $36,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $974.86 on Thursday. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,067.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a market capitalization of $432.50 billion, a PE ratio of 50.69, a price-to-earnings-growth ratio of 4.81 and a beta of 1.01. The business’s fifty day moving average price is $985.83 and its 200 day moving average price is $938.89.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, March 5th. The retailer reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The business had revenue of $69.60 billion during the quarter, compared to analysts’ expectations of $68.96 billion. During the same period in the prior year, the firm posted $4.02 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, January 30th. Costco Wholesale’s dividend payout ratio is 27.04%.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $916.32, for a total transaction of $1,374,480.00. Following the completion of the sale, the executive vice president owned 8,240 shares in the company, valued at approximately $7,550,476.80. The trade was a 15.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Claudine Adamo sold 730 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the completion of the transaction, the executive vice president owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. The trade was a 10.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,645 shares of company stock valued at $7,049,302 over the last three months. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on COST. Truist Financial lifted their target price on Costco Wholesale from $926.00 to $977.00 and gave the company a “hold” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $1,044.00 price target on Costco Wholesale in a report on Thursday, January 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,155.00 price objective on shares of Costco Wholesale in a research note on Monday, February 9th. TD Cowen reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 6th. Finally, Robert W. Baird set a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday, February 5th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,039.13.

Check Out Our Latest Analysis on Costco Wholesale

Key Stories Impacting Costco Wholesale

Here are the key news stories impacting Costco Wholesale this week:

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.

Further Reading

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

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