Napatree Capital LLC Buys 104 Shares of Costco Wholesale Co. (NASDAQ:COST)

Napatree Capital LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 40.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 363 shares of the retailer’s stock after purchasing an additional 104 shares during the period. Napatree Capital LLC’s holdings in Costco Wholesale were worth $333,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $31,000. NewSquare Capital LLC lifted its stake in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Finally, Collier Financial bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $35,000. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale 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 transaction, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $909.26 on Friday. The stock has a 50-day simple moving average of $987.55 and a two-hundred day simple moving average of $945.06. The firm has a market capitalization of $403.42 billion, a P/E ratio of 53.39, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $63.02 billion. On average, equities analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid 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 is presently 27.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COST shares. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Cowen reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. JPMorgan Chase & Co. increased their price target 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, BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,029.00.

About Costco Wholesale

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.