Howland Capital Management LLC Acquires 43 Shares of Costco Wholesale Co. (NASDAQ:COST)

Howland Capital Management LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,970 shares of the retailer’s stock after purchasing an additional 43 shares during the quarter. Howland Capital Management LLC’s holdings in Costco Wholesale were worth $6,720,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Richelieu Gestion SA bought a new position in Costco Wholesale during the 4th quarter worth approximately $25,000. Sanctuary Wealth Management L.L.C. bought a new position in Costco Wholesale during the 4th quarter worth approximately $26,000. Steph & Co. boosted its stake in Costco Wholesale by 42.3% during the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after acquiring an additional 22 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in Costco Wholesale during the 4th quarter worth approximately $49,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Costco Wholesale by 888.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock worth $50,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on COST shares. Evercore ISI lifted their price objective on shares of Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Northcoast Research downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 target price on the stock. in a report on Wednesday, December 20th. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Oppenheimer raised their target price on shares of Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $672.76.

Get Our Latest Stock Report on Costco Wholesale

Insider Activity

In other news, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the transaction, the vice president now owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Caton Frates sold 740 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total value of $505,790.00. Following the sale, the executive vice president now directly owns 6,721 shares in the company, valued at $4,593,803.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares in the company, valued at $4,020,750.30. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock valued at $10,736,778 over the last quarter. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

NASDAQ COST traded down $8.79 during trading on Wednesday, hitting $702.51. 543,809 shares of the company’s stock were exchanged, compared to its average volume of 2,125,103. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. The company has a market cap of $311.56 billion, a PE ratio of 46.52, a P/E/G ratio of 4.99 and a beta of 0.77. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $787.08. The stock’s 50 day moving average price is $727.00 and its two-hundred day moving average price is $647.84.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Research analysts expect that Costco Wholesale Co. will post 15.81 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, February 1st. 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.

See Also

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

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