Townsquare Capital LLC Buys 3,351 Shares of Costco Wholesale Co. (NASDAQ:COST)

Townsquare Capital LLC increased its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,246 shares of the retailer's stock after purchasing an additional 3,351 shares during the period. Townsquare Capital LLC's holdings in Costco Wholesale were worth $30,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cromwell Holdings LLC lifted its holdings in shares of Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock worth $1,048,000 after purchasing an additional 10 shares in the last quarter. 44 Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 0.3% in the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock valued at $3,196,000 after purchasing an additional 10 shares in the last quarter. SRN Advisors LLC boosted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock valued at $2,823,000 after buying an additional 10 shares during the last quarter. Miramar Capital LLC raised 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 buying an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC grew its stake in shares of Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

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Insiders Place Their Bets

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the transaction, the executive vice president now owns 11,165 shares of the company's stock, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction dated 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 $6,445,926.72. The trade was a 11.41 % 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

COST has been the subject of several analyst reports. Truist Financial increased their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Barclays raised their target price on Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Cowen restated a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Loop Capital lowered their price objective on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus decreased their price target on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,024.03.

Costco Wholesale Stock Up 1.7 %

COST traded up $15.91 on Monday, hitting $979.32. The company had a trading volume of 2,218,559 shares, compared to its average volume of 2,006,426. Costco Wholesale Co. has a 52-week low of $702.00 and a 52-week high of $1,078.24. The stock has a fifty day simple moving average of $982.89 and a 200-day simple moving average of $949.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market capitalization of $434.51 billion, a P/E ratio of 57.51, a P/E/G ratio of 6.15 and a beta of 0.95.

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 the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, equities analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. Costco Wholesale's payout ratio is currently 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.