4,363 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Argentarii LLC

Argentarii LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,363 shares of the retailer’s stock, valued at approximately $3,998,000. Costco Wholesale comprises 2.0% of Argentarii LLC’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Costco Wholesale by 1.2% during the 3rd 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 acquired a new position in Costco Wholesale during the 3rd quarter valued at about $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale during the 4th quarter valued at about $8,430,000. GAMMA Investing LLC increased its position in Costco Wholesale by 15.0% during the 4th 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 acquired a new position in Costco Wholesale during the 4th quarter valued at about $984,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

NASDAQ COST opened at $964.31 on Friday. The company has a market cap of $428.06 billion, a PE ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The stock’s 50 day simple moving average is $989.69 and its 200-day simple moving average is $943.44. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $63.02 billion. As a group, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio is presently 27.09%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COST. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, March 3rd. Truist Financial increased their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Roth Mkm increased their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Citigroup increased their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,029.00.

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, 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.