NEOS Investment Management LLC grew its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 17.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,560 shares of the retailer's stock after buying an additional 7,742 shares during the period. Costco Wholesale accounts for approximately 1.1% of NEOS Investment Management LLC's investment portfolio, making the stock its 11th largest holding. NEOS Investment Management LLC's holdings in Costco Wholesale were worth $48,159,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cromwell Holdings LLC increased its holdings in shares of Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock valued at $1,048,000 after acquiring an additional 10 shares in the last quarter. 44 Wealth Management LLC grew its holdings in shares of Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock valued at $3,196,000 after buying an additional 10 shares during the last quarter. SRN Advisors LLC raised its holdings in Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock worth $2,823,000 after acquiring an additional 10 shares during the last quarter. Miramar Capital LLC lifted its position in Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after acquiring an additional 10 shares in the last quarter. Finally, Clear Investment Research LLC boosted its stake in Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 68.48% of the company's stock.
Insider Transactions at Costco Wholesale
In other news, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gary Millerchip sold 1,100 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the sale, the executive vice president now directly owns 11,165 shares in the company, 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. Company insiders own 0.18% of the company's stock.
Costco Wholesale Trading Down 1.0 %
Shares of NASDAQ COST traded down $9.09 during trading hours on Friday, reaching $929.66. The stock had a trading volume of 2,099,737 shares, compared to its average volume of 1,941,143. The business's fifty day moving average price is $988.07 and its two-hundred day moving average price is $946.54. The firm has a market cap of $412.47 billion, a price-to-earnings ratio of 54.59, 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. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) 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%. Analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.
Costco Wholesale Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. Costco Wholesale's dividend payout ratio is currently 27.09%.
Analysts Set New Price Targets
COST has been the topic of several research analyst reports. UBS Group upped their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, March 3rd. Stifel Nicolaus lowered their price objective on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. DA Davidson boosted 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 report on Thursday, February 6th. Finally, Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,029.00.
Read Our Latest Analysis on COST
Costco Wholesale Company Profile
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Free Report)
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.
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