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Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Redwood Investment Management LLC

Costco Wholesale logo with Retail/Wholesale background

Redwood Investment Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,603 shares of the retailer's stock after purchasing an additional 262 shares during the period. Redwood Investment Management LLC's holdings in Costco Wholesale were worth $1,469,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of COST. Cromwell Holdings LLC lifted its stake in shares of Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock worth $1,048,000 after buying an additional 10 shares during the last quarter. 44 Wealth Management LLC raised its holdings in 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 acquiring an additional 10 shares during the period. SRN Advisors LLC lifted its position in Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock worth $2,823,000 after acquiring an additional 10 shares during the last quarter. Miramar Capital LLC lifted its position in Costco Wholesale by 1.9% during the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock worth $481,000 after acquiring an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC boosted its holdings 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 acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on COST shares. Barclays lifted their price target on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. DA Davidson lifted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, May 5th. JPMorgan Chase & Co. raised their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, Loop Capital cut their price objective on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,024.03.

View Our Latest Stock Analysis on COST

Costco Wholesale Trading Up 1.9%

COST opened at $1,010.47 on Friday. The company has a market cap of $448.33 billion, a P/E ratio of 59.33, a PEG ratio of 6.15 and a beta of 1.00. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company's 50 day moving average is $959.56 and its 200-day moving average is $966.17. Costco Wholesale Co. has a 1-year low of $787.83 and a 1-year high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Equities research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.51%. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's payout ratio is currently 30.36%.

Insiders Place Their Bets

In related news, EVP James C. Klauer sold 4,000 shares of Costco Wholesale stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the sale, the executive vice president now directly owns 43,994 shares in the company, valued at $43,161,193.58. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. The trade was a 11.41% decrease in their ownership of the stock. 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 in the last 90 days. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST - Free Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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