Jaffetilchin Investment Partners LLC Has $3.86 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Jaffetilchin Investment Partners LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,211 shares of the retailer's stock after acquiring an additional 319 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Costco Wholesale were worth $3,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Costco Wholesale by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock valued at $38,668,069,000 after purchasing an additional 455,043 shares during the last quarter. Geode Capital Management LLC increased its stake in Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after buying an additional 252,118 shares during the last quarter. FMR LLC lifted its position in Costco Wholesale by 1.6% during the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer's stock worth $8,665,921,000 after buying an additional 149,209 shares in the last quarter. Norges Bank acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $5,182,316,000. Finally, Invesco Ltd. grew its holdings in shares of Costco Wholesale by 1.2% in the 4th quarter. Invesco Ltd. now owns 3,715,685 shares of the retailer's stock valued at $3,404,571,000 after acquiring an additional 43,266 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 completion of the transaction, the executive vice president now directly owns 11,165 shares of the company's stock, valued at approximately $10,495,211.65. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,600 shares of company stock valued at $5,215,915. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COST shares. Stifel Nicolaus dropped their target price on Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, April 10th. DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Truist Financial boosted their target price 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. Finally, Mizuho assumed coverage on shares of Costco Wholesale in a research note on Friday. They issued a "neutral" rating and a $975.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and an average price target of $1,024.03.

Costco Wholesale Price Performance

COST traded down $0.27 on Tuesday, hitting $979.05. 828,040 shares of the stock were exchanged, compared to its average volume of 2,001,869. The firm has a market capitalization of $434.39 billion, a price-to-earnings ratio of 57.49, a PEG 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 12 month low of $702.00 and a 12 month high of $1,078.24. The business has a 50-day moving average of $981.61 and a two-hundred day moving average of $950.46.

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 for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Sell-side analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. 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 payout ratio is 27.09%.

About Costco Wholesale

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.