Edmond DE Rothschild Holding S.A. Has $2.21 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Edmond DE Rothschild Holding S.A. boosted its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 61.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,412 shares of the retailer's stock after purchasing an additional 921 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Costco Wholesale were worth $2,210,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of COST. United Bank raised its stake in Costco Wholesale by 7.5% in the 3rd quarter. United Bank now owns 5,962 shares of the retailer's stock valued at $5,285,000 after purchasing an additional 416 shares during the last quarter. Quantbot Technologies LP boosted its position in Costco Wholesale by 182.1% during the third quarter. Quantbot Technologies LP now owns 409 shares of the retailer's stock worth $363,000 after acquiring an additional 264 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Costco Wholesale in the 3rd quarter valued at $244,000. Kestra Investment Management LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth $610,000. Finally, Benjamin Edwards Inc. grew its position in shares of Costco Wholesale by 530.8% in the third quarter. Benjamin Edwards Inc. now owns 70,604 shares of the retailer's stock valued at $62,720,000 after purchasing an additional 59,411 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 41,077 shares of the company's stock, valued at $38,242,687. This represents a 8.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,600 shares of company stock worth $5,215,915. Insiders own 0.18% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have issued reports on COST shares. Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Sanford C. Bernstein restated an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. BMO Capital Markets boosted 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 note on Friday, December 13th. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average price target of $1,029.00.

Costco Wholesale Stock Up 0.8 %

Shares of COST traded up $7.37 during mid-day trading on Thursday, hitting $972.45. 2,124,553 shares of the company's stock were exchanged, compared to its average volume of 2,166,586. The stock has a market cap of $431.46 billion, a price-to-earnings ratio of 57.10, a P/E/G ratio of 6.15 and a beta of 0.82. The firm has a fifty day moving average of $988.67 and a two-hundred day moving average of $947.48. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $702.00 and a twelve month high of $1,078.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly 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). The business had revenue of $63.72 billion during 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%. On average, sell-side analysts forecast 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. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale's dividend payout ratio is 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.