Costco Wholesale Co. (NASDAQ:COST) Holdings Raised by Versant Capital Management Inc

Versant Capital Management Inc boosted its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 9.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260 shares of the retailer’s stock after purchasing an additional 23 shares during the period. Versant Capital Management Inc’s holdings in Costco Wholesale were worth $190,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Mirabella Financial Services LLP lifted its holdings in shares of Costco Wholesale by 6.8% in the third quarter. Mirabella Financial Services LLP now owns 1,817 shares of the retailer’s stock valued at $1,027,000 after purchasing an additional 115 shares in the last quarter. Pearl River Capital LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth about $2,469,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Costco Wholesale by 4.5% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 1,450 shares of the retailer’s stock valued at $819,000 after purchasing an additional 63 shares during the period. Glenview Trust co lifted its position in shares of Costco Wholesale by 7.7% in the third quarter. Glenview Trust co now owns 7,019 shares of the retailer’s stock worth $3,965,000 after purchasing an additional 502 shares in the last quarter. Finally, Peachtree Investment Partners LLC grew its position in Costco Wholesale by 8.4% during the third quarter. Peachtree Investment Partners LLC now owns 14,817 shares of the retailer’s stock valued at $8,371,000 after purchasing an additional 1,153 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $7,228,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $870.75 on Wednesday. The company has a market capitalization of $386.03 billion, a price-to-earnings ratio of 53.95, a P/E/G ratio of 5.74 and a beta of 0.79. The business’s 50-day moving average price is $780.22 and its two-hundred day moving average price is $727.16. Costco Wholesale Co. has a 1 year low of $516.54 and a 1 year high of $873.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business had revenue of $58.52 billion for the quarter, compared to analyst estimates of $58.16 billion. During the same quarter last year, the firm earned $3.43 EPS. Costco Wholesale’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Costco Wholesale Co. will post 15.96 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Stifel Nicolaus upped their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Truist Financial boosted their price objective on Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Gordon Haskett downgraded Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective on the stock. in a report on Wednesday, April 3rd. Finally, Barclays increased their target price on shares of Costco Wholesale from $700.00 to $765.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $751.85.

Check Out Our Latest Analysis on Costco Wholesale

About Costco Wholesale

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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