Regatta Capital Group LLC Raises Stake in Costco Wholesale Co. (NASDAQ:COST)

Regatta Capital Group LLC raised its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,109 shares of the retailer’s stock after purchasing an additional 65 shares during the period. Costco Wholesale accounts for 0.9% of Regatta Capital Group LLC’s investment portfolio, making the stock its 22nd largest holding. Regatta Capital Group LLC’s holdings in Costco Wholesale were worth $3,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Richelieu Gestion SA purchased a new stake in Costco Wholesale during the fourth quarter worth approximately $25,000. Sanctuary Wealth Management L.L.C. purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $26,000. Steph & Co. raised its holdings in Costco Wholesale by 42.3% during the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $49,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 888.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after buying an additional 80 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total value of $927,220.00. Following the sale, the insider now owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Daniel M. Hines sold 1,400 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the completion of the transaction, the insider now owns 13,922 shares in the company, valued at $9,220,540.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The disclosure for this sale can be found here. Insiders have sold 15,582 shares of company stock valued at $10,736,778 over the last quarter. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on COST shares. UBS Group increased their target price on shares of Costco Wholesale from $640.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Loop Capital lifted their target price on Costco Wholesale from $710.00 to $755.00 in a research report on Friday, January 19th. Northcoast Research downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 target price for the company. in a report on Wednesday, December 20th. BMO Capital Markets raised their price target on Costco Wholesale from $612.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Finally, Raymond James lifted their price target on Costco Wholesale from $580.00 to $670.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $668.50.

View Our Latest Report on COST

Costco Wholesale Stock Performance

COST stock opened at $733.33 on Monday. The stock’s 50 day simple moving average is $725.95 and its 200 day simple moving average is $645.04. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.08. The firm has a market cap of $325.23 billion, a P/E ratio of 47.92, a P/E/G ratio of 5.07 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. During the same period in the prior year, the company earned $3.30 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Costco Wholesale Co. will post 15.81 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a yield of 0.56%. Costco Wholesale’s dividend payout ratio is currently 26.68%.

Costco Wholesale Company 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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