Bridgefront Capital LLC Has $922,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Bridgefront Capital LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 236.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,006 shares of the retailer's stock after acquiring an additional 707 shares during the period. Bridgefront Capital LLC's holdings in Costco Wholesale were worth $922,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Costco Wholesale by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock valued at $38,668,069,000 after buying an additional 455,043 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock worth $8,901,249,000 after buying an additional 252,118 shares during the period. FMR LLC raised its position in shares of Costco Wholesale by 1.6% during the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer's stock valued at $8,665,921,000 after acquiring an additional 149,209 shares during the last quarter. Norges Bank acquired a new position in Costco Wholesale in the fourth quarter valued at about $5,182,316,000. Finally, Northern Trust Corp increased its stake in Costco Wholesale by 12.6% in the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock valued at $4,817,573,000 after purchasing an additional 587,303 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on COST. Sanford C. Bernstein restated an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday. Truist Financial raised their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research note on Friday, March 7th. Mizuho began coverage on Costco Wholesale in a research report on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price on the stock. Finally, Stifel Nicolaus dropped their target price on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,024.03.

Insider Activity

In other news, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the sale, the executive vice president now owns 43,994 shares in the company, valued at $43,161,193.58. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were 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 owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,600 shares of company stock valued at $9,140,195 over the last quarter. Company insiders own 0.18% of the company's stock.

Costco Wholesale Stock Down 0.4 %

Shares of NASDAQ COST traded down $4.00 during midday trading on Wednesday, hitting $1,006.50. The company's stock had a trading volume of 1,315,647 shares, compared to its average volume of 2,029,139. Costco Wholesale Co. has a 1 year low of $762.71 and a 1 year high of $1,078.24. The business's fifty day simple moving average is $960.88 and its two-hundred day simple moving average is $961.18. The firm has a market capitalization of $446.57 billion, a price-to-earnings ratio of 59.10, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The company 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%. On average, equities analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a $1.30 dividend. The ex-dividend date is Friday, May 2nd. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a dividend yield of 0.52%. Costco Wholesale's dividend payout ratio is currently 30.36%.

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.