Costco Wholesale Co. (NASDAQ:COST) Position Increased by Truvestments Capital LLC

Truvestments Capital LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,294 shares of the retailer’s stock after buying an additional 259 shares during the period. Truvestments Capital LLC’s holdings in Costco Wholesale were worth $3,018,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the period. Nwam LLC acquired a new position in Costco Wholesale in the 3rd quarter worth approximately $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale in the 4th quarter worth approximately $8,430,000. GAMMA Investing LLC boosted its stake in shares of 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 during the period. Finally, Dale Q Rice Investment Management Ltd acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at $984,000. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COST shares. Roth Mkm lifted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Loop Capital cut their price target on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,030.43.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $930.49 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm’s 50-day simple moving average is $990.22 and its 200-day simple moving average is $944.64. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The firm has a market cap of $413.04 billion, a P/E ratio of 54.64, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last issued 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 business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. As a group, research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. 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.