Sava Infond d.o.o. Acquires New Shares in Costco Wholesale Co. (NASDAQ:COST)

Sava Infond d.o.o. purchased a new position in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,825 shares of the retailer’s stock, valued at approximately $3,505,000.

Several other large investors also recently made changes to their positions in the stock. Cromwell Holdings LLC increased its position in Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after purchasing an additional 10 shares during the period. 44 Wealth Management LLC boosted its stake in shares of Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after purchasing an additional 10 shares during the last quarter. SRN Advisors LLC grew its position in shares of Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after buying an additional 10 shares during the period. Miramar Capital LLC grew its position in shares of Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock worth $481,000 after buying an additional 10 shares during the period. Finally, Clear Investment Research LLC raised its stake in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after buying an additional 10 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Jefferies Financial Group raised their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Robert W. Baird upped their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Truist Financial increased their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,029.00.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This represents a 11.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the business’s 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 transaction, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Down 0.1 %

COST stock opened at $929.75 on Thursday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 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. The company’s 50-day simple moving average is $987.96 and its 200 day simple moving average is $946.00. The company has a market capitalization of $412.51 billion, a PE ratio of 54.59, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

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

Costco Wholesale Dividend Announcement

The business 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

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.