Costco Wholesale Co. (NASDAQ:COST) is Hollencrest Capital Management’s 8th Largest Position

Hollencrest Capital Management decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,891 shares of the retailer’s stock after selling 32 shares during the quarter. Costco Wholesale comprises approximately 2.7% of Hollencrest Capital Management’s portfolio, making the stock its 8th biggest holding. Hollencrest Capital Management’s holdings in Costco Wholesale were worth $66,788,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. FMR LLC boosted its stake in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after acquiring an additional 125,444 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Costco Wholesale by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,077,905 shares of the retailer’s stock valued at $2,820,193,000 after acquiring an additional 43,414 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Costco Wholesale by 2.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock valued at $2,726,107,000 after acquiring an additional 70,561 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of analyst reports. Truist Financial increased their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Jefferies Financial Group increased their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Citigroup increased their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Wells Fargo & Company increased their target price 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. Finally, Stifel Nicolaus increased their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,030.43.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $930.49 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The business has a 50 day moving average price of $990.22 and a two-hundred day moving average price of $944.64. 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 firm has a market cap of $413.04 billion, a PE ratio of 54.64, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Sell-side analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. 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 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.