Brooklyn FI LLC Invests $555,000 in Costco Wholesale Co. (NASDAQ:COST)

Brooklyn FI LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 618 shares of the retailer’s stock, valued at approximately $555,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Enhancing Capital LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $3,245,000. Xponance Inc. grew its holdings in Costco Wholesale by 1.4% in the fourth quarter. Xponance Inc. now owns 112,846 shares of the retailer’s stock worth $103,397,000 after purchasing an additional 1,519 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $15,478,000. Evoke Wealth LLC lifted its holdings in shares of Costco Wholesale by 11.1% during the fourth quarter. Evoke Wealth LLC now owns 1,963 shares of the retailer’s stock valued at $1,799,000 after purchasing an additional 196 shares during the last quarter. Finally, Horizon Investments LLC boosted its position in shares of Costco Wholesale by 2.8% in the 4th quarter. Horizon Investments LLC now owns 6,824 shares of the retailer’s stock worth $6,246,000 after purchasing an additional 185 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.7 %

Shares of COST opened at $904.05 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $988.75 and a 200 day moving average of $944.83. The company has a market cap of $401.31 billion, a PE ratio of 53.09, a P/E/G ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24.

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

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. DA Davidson lifted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Raymond James upped 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. Finally, Truist Financial raised their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,030.43.

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.