Sava Infond d.o.o. Invests $3.51 Million in Costco Wholesale Co. (NASDAQ:COST)

Sava Infond d.o.o. acquired a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,825 shares of the retailer's stock, valued at approximately $3,505,000.

A number of other hedge funds also recently bought and sold shares of COST. WINTON GROUP Ltd increased its holdings in Costco Wholesale by 1,900.4% during the fourth quarter. WINTON GROUP Ltd now owns 4,721 shares of the retailer's stock valued at $4,326,000 after buying an additional 4,485 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Costco Wholesale by 8.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 762,208 shares of the retailer's stock valued at $698,647,000 after acquiring an additional 59,164 shares during the period. Cottage Street Advisors LLC increased its stake in shares of Costco Wholesale by 10.0% in the 4th quarter. Cottage Street Advisors LLC now owns 330 shares of the retailer's stock worth $302,000 after purchasing an additional 30 shares in the last quarter. Tyler Stone Wealth Management raised its holdings in Costco Wholesale by 4.9% in the 4th quarter. Tyler Stone Wealth Management now owns 1,258 shares of the retailer's stock worth $1,152,000 after purchasing an additional 59 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Costco Wholesale by 4.4% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 49,483 shares of the retailer's stock valued at $45,340,000 after purchasing an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Remove Ads

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares of the company's stock, valued at $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock worth $5,215,915 over the last 90 days. Company insiders own 0.18% of the company's stock.

Costco Wholesale Trading Down 1.0 %

Shares of Costco Wholesale stock traded down $9.09 on Friday, reaching $929.66. The company had a trading volume of 2,099,737 shares, compared to its average volume of 1,941,143. The firm's 50-day moving average price is $988.07 and its two-hundred day moving average price is $946.54. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. 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. 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 (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data 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). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. As a group, research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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 $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's payout ratio is currently 27.09%.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Barclays raised their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Finally, Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,029.00.

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.