Tidemark LLC Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Tidemark LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 17.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 371 shares of the retailer’s stock after buying an additional 54 shares during the period. Tidemark LLC’s holdings in Costco Wholesale were worth $340,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB boosted its position in shares of Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares during the last quarter. United Bank grew its position in shares of Costco Wholesale by 7.5% during the third quarter. United Bank now owns 5,962 shares of the retailer’s stock valued at $5,285,000 after purchasing an additional 416 shares in the last quarter. Curi RMB Capital LLC lifted its position in shares of Costco Wholesale by 47.9% in the third quarter. Curi RMB Capital LLC now owns 2,721 shares of the retailer’s stock worth $2,412,000 after buying an additional 881 shares in the last quarter. Valley Wealth Managers Inc. boosted its stake in Costco Wholesale by 2.3% during the third quarter. Valley Wealth Managers Inc. now owns 1,132 shares of the retailer’s stock valued at $1,004,000 after buying an additional 25 shares during the last quarter. Finally, Coastline Trust Co raised its holdings in shares of Costco Wholesale by 3.7% during the 3rd quarter. Coastline Trust Co now owns 9,022 shares of the retailer’s stock worth $7,998,000 after acquiring an additional 324 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several research reports. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays increased their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Stifel Nicolaus upped their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Evercore ISI increased their price target on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,030.43.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated 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 directly owns 41,077 shares in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Up 1.5 %

Shares of NASDAQ COST opened at $903.92 on Friday. The stock has a market capitalization of $401.25 billion, a PE ratio of 53.08, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The stock’s fifty day simple moving average is $989.80 and its two-hundred day simple moving average is $944.47.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). The company had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. As a group, analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors 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 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

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.