Bullseye Investment Management LLC Invests $629,000 in Costco Wholesale Co. (NASDAQ:COST)

Bullseye Investment Management LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 691 shares of the retailer’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Bank lifted its position in Costco Wholesale by 8.0% during the 4th quarter. United Bank now owns 6,441 shares of the retailer’s stock valued at $5,902,000 after purchasing an additional 479 shares during the period. California Public Employees Retirement System grew its holdings in Costco Wholesale by 6.6% during the 4th quarter. California Public Employees Retirement System now owns 1,713,777 shares of the retailer’s stock worth $1,570,282,000 after acquiring an additional 105,762 shares during the period. Life Planning Partners Inc bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $157,000. C2C Wealth Management LLC lifted its stake in shares of Costco Wholesale by 19.6% in the 4th quarter. C2C Wealth Management LLC now owns 329 shares of the retailer’s stock valued at $301,000 after purchasing an additional 54 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $63,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale 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 transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

Shares of COST opened at $929.66 on Friday. The company’s 50-day moving average is $988.07 and its 200-day moving average is $946.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market capitalization of $412.47 billion, a PE ratio of 54.59, 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.

Costco Wholesale (NASDAQ:COST) last released 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 company had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Equities analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

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 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Analyst Ratings Changes

Several brokerages recently commented on COST. Evercore ISI raised their price objective on Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Loop Capital cut their price objective on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup boosted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Robert W. Baird increased their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

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.