one8zero8 LLC Acquires Shares of 4,264 Costco Wholesale Co. (NASDAQ:COST)

one8zero8 LLC acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,264 shares of the retailer’s stock, valued at approximately $3,907,000. Costco Wholesale makes up about 0.8% of one8zero8 LLC’s holdings, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Choate Investment Advisors raised its stake in Costco Wholesale by 13.7% during the fourth quarter. Choate Investment Advisors now owns 9,356 shares of the retailer’s stock valued at $8,573,000 after buying an additional 1,129 shares in the last quarter. Diversified Enterprises LLC raised its stake in Costco Wholesale by 9.2% during the fourth quarter. Diversified Enterprises LLC now owns 524 shares of the retailer’s stock valued at $480,000 after buying an additional 44 shares in the last quarter. Natixis Advisors LLC raised its stake in Costco Wholesale by 2.9% during the fourth quarter. Natixis Advisors LLC now owns 300,134 shares of the retailer’s stock valued at $275,004,000 after buying an additional 8,517 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $2,154,000. Finally, Zevin Asset Management LLC raised its position in shares of Costco Wholesale by 6.8% during the 4th quarter. Zevin Asset Management LLC now owns 30,579 shares of the retailer’s stock worth $28,019,000 after purchasing an additional 1,942 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $903.92 on Friday. The firm has a market cap of $401.25 billion, a PE ratio of 53.08, a P/E/G ratio of 6.15 and a beta of 0.81. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $989.80 and a 200-day simple moving average of $944.47. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued 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 business had revenue of $63.72 billion during 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%. As a group, equities analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Insider Transactions at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the sale, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

COST has been the topic of a number of research reports. Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Raymond James increased their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Cowen reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,030.43.

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.