Triasima Portfolio Management inc. Grows Position in Costco Wholesale Corporation $COST

Triasima Portfolio Management inc. boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 25.9% during the 3rd quarter, Holdings Channel reports. The fund owned 4,789 shares of the retailer’s stock after buying an additional 984 shares during the period. Triasima Portfolio Management inc.’s holdings in Costco Wholesale were worth $4,433,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Soundwatch Capital LLC lifted its holdings in Costco Wholesale by 635.7% during the second quarter. Soundwatch Capital LLC now owns 2,553 shares of the retailer’s stock worth $25,000 after buying an additional 2,206 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of Costco Wholesale in the 2nd quarter worth $31,000. Financial Connections Group Inc. raised its position in shares of Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after acquiring an additional 39 shares in the last quarter. Frazier Financial Advisors LLC lifted its stake in shares of Costco Wholesale by 72.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after purchasing an additional 18 shares during the last quarter. Finally, Marquette Asset Management LLC boosted its position in Costco Wholesale by 2,200.0% during the third quarter. Marquette Asset Management LLC now owns 46 shares of the retailer’s stock valued at $43,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. Robert W. Baird reduced their target price on shares of Costco Wholesale from $1,125.00 to $1,000.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 12th. Gordon Haskett reduced their price objective on shares of Costco Wholesale from $1,150.00 to $1,100.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Daiwa Capital Markets decreased their target price on shares of Costco Wholesale from $947.00 to $917.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. Finally, Mizuho set a $1,000.00 price target on shares of Costco Wholesale and gave the stock an “outperform” rating in a report on Monday, January 5th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $996.00.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $965.96 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,078.23. The company’s 50 day moving average is $895.66 and its 200 day moving average is $929.72. The company has a market cap of $428.76 billion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 5.77 and a beta of 1.02.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 11th. The retailer reported $4.34 EPS for the quarter, beating the consensus estimate of $4.27 by $0.07. The business had revenue of $67.31 billion for the quarter, compared to the consensus estimate of $67.03 billion. Costco Wholesale had a net margin of 2.96% and a return on equity of 29.35%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. On average, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.85%.

Insiders Place Their Bets

In other news, EVP James C. Klauer sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total value of $1,408,500.00. Following the sale, the executive vice president owned 44,837 shares in the company, valued at $42,101,943. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Javier Polit sold 2,049 shares of Costco Wholesale stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $867.21, for a total value of $1,776,913.29. Following the transaction, the executive vice president owned 10,748 shares of the company’s stock, valued at approximately $9,320,773.08. This represents a 16.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,946 shares of company stock worth $10,958,028. 0.10% of the stock is currently owned by company insiders.

Costco Wholesale Company Profile

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.