TD Asset Management Inc. Has $1.10 Billion Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

TD Asset Management Inc. increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,198,192 shares of the retailer's stock after acquiring an additional 6,121 shares during the period. Costco Wholesale comprises about 1.0% of TD Asset Management Inc.'s portfolio, making the stock its 20th largest position. TD Asset Management Inc. owned about 0.27% of Costco Wholesale worth $1,097,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter valued at about $29,000. Synergy Investment Management LLC bought a new stake in Costco Wholesale in the 4th quarter valued at approximately $31,000. NewSquare Capital LLC boosted its holdings in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $33,000. Finally, Collier Financial bought a new position in Costco Wholesale in the fourth quarter valued at approximately $35,000. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COST. JPMorgan Chase & Co. upped their price objective on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Loop Capital dropped their price objective on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Jefferies Financial Group increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,029.00.

Remove Ads

Costco Wholesale Trading Up 1.3 %

Shares of NASDAQ:COST traded up $12.17 during mid-day trading on Thursday, reaching $941.92. 696,302 shares of the company's stock were exchanged, compared to its average volume of 1,819,533. The firm has a market capitalization of $417.91 billion, a price-to-earnings ratio of 55.29, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The business's fifty day moving average price is $987.96 and its 200-day moving average price is $946.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

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

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio is presently 27.09%.

Insiders Place Their Bets

In related news, CEO Roland Michael Vachris sold 3,600 shares of the company's stock in a transaction dated 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 owns 41,077 shares in the company, valued at $38,242,687. This represents a 8.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the executive vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

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.