275 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new position in Costco Wholesale Co. (NASDAQ:COST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 275 shares of the retailer’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fermata Advisors LLC increased its holdings in Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares in the last quarter. Oak Asset Management LLC grew its holdings in shares of Costco Wholesale by 0.3% during the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after buying an additional 12 shares in the last quarter. Peddock Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after buying an additional 12 shares in the last quarter. Perkins Coie Trust Co grew its holdings in shares of Costco Wholesale by 0.3% during the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after buying an additional 12 shares in the last quarter. Finally, Horizon Wealth Management LLC grew its holdings in shares of Costco Wholesale by 4.7% during the third quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer’s stock worth $237,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.1 %

Shares of COST opened at $971.88 on Monday. The stock has a market capitalization of $430.61 billion, a PE ratio of 58.65, a P/E/G ratio of 6.00 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $582.83 and a 1 year high of $976.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The company’s 50-day simple moving average is $907.62 and its 200-day simple moving average is $872.68.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period in the prior year, the firm earned $4.86 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is 28.00%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,016 shares of company stock worth $9,826,115. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Oppenheimer upped their target price on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Loop Capital upped their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group upped their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a report on Friday. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $908.81.

Costco Wholesale Company 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.