4,264 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by one8zero8 LLC

one8zero8 LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,264 shares of the retailer’s stock, valued at approximately $3,907,000. Costco Wholesale comprises approximately 0.8% of one8zero8 LLC’s holdings, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of COST. Charles Schwab Investment Management Inc. raised its holdings in Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares in the last quarter. Nwam LLC bought a new position in Costco Wholesale during the third quarter valued at about $20,056,000. CHURCHILL MANAGEMENT Corp bought a new position in Costco Wholesale during the fourth quarter valued at about $8,430,000. GAMMA Investing LLC raised its holdings in Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares in the last quarter. Finally, Dale Q Rice Investment Management Ltd bought a new position in Costco Wholesale during the fourth quarter valued at about $984,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on COST shares. Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Stifel Nicolaus raised their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,030.43.

Insider Buying and Selling

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the sale, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $903.92 on Friday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The firm has a 50 day moving average of $989.80 and a 200-day moving average of $944.47. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $401.25 billion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Costco Wholesale Profile

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.