Rockefeller Capital Management L.P. Purchases 5,407 Shares of Costco Wholesale Co. (NASDAQ:COST)

Rockefeller Capital Management L.P. grew its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 343,614 shares of the retailer's stock after acquiring an additional 5,407 shares during the period. Costco Wholesale comprises 0.8% of Rockefeller Capital Management L.P.'s portfolio, making the stock its 17th largest holding. Rockefeller Capital Management L.P. owned 0.08% of Costco Wholesale worth $314,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in COST. Cromwell Holdings LLC lifted its holdings in shares of Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock valued at $1,048,000 after purchasing an additional 10 shares in the last quarter. 44 Wealth Management LLC raised its holdings in Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after buying an additional 10 shares during the period. SRN Advisors LLC lifted its stake in Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock valued at $2,823,000 after buying an additional 10 shares in the last quarter. Miramar Capital LLC boosted its holdings in shares of Costco Wholesale by 1.9% in the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after buying an additional 10 shares during the period. Finally, Clear Investment Research LLC increased its position in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after acquiring an additional 10 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Costco Wholesale Price Performance

COST stock traded up $15.91 during midday trading on Monday, reaching $979.32. The company had a trading volume of 2,218,559 shares, compared to its average volume of 2,006,426. The company has a market capitalization of $434.51 billion, a price-to-earnings ratio of 57.51, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. 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 Co. has a 1-year low of $702.00 and a 1-year high of $1,078.24. The stock has a 50 day moving average price of $982.89 and a 200-day moving average price of $949.81.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Equities research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. Costco Wholesale's dividend payout ratio is 27.09%.

Analysts Set New Price Targets

COST has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Barclays increased their price objective on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Truist Financial boosted their target price on Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Mizuho started coverage on shares of Costco Wholesale in a research report on Friday. They issued a "neutral" rating and a $975.00 target price for the company. Finally, Cowen reissued a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,024.03.

Insider Transactions at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the sale, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock valued at $5,215,915 over the last ninety days. 0.18% of the stock is owned by company insiders.

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.