Jag Capital Management LLC Has $19.75 Million Stock Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Jag Capital Management LLC increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 58.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,884 shares of the retailer's stock after purchasing an additional 7,705 shares during the quarter. Costco Wholesale makes up approximately 2.6% of Jag Capital Management LLC's portfolio, making the stock its 14th largest position. Jag Capital Management LLC's holdings in Costco Wholesale were worth $19,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Geode Capital Management LLC grew its stake in shares of Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after buying an additional 252,118 shares in the last quarter. F&V Capital Management LLC acquired a new stake in Costco Wholesale in the first quarter valued at approximately $236,000. AMJ Financial Wealth Management grew its position in Costco Wholesale by 2.6% in the fourth quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer's stock worth $9,654,000 after acquiring an additional 270 shares in the last quarter. Umpqua Bank increased its stake in shares of Costco Wholesale by 14.7% during the 4th quarter. Umpqua Bank now owns 4,507 shares of the retailer's stock worth $4,134,000 after purchasing an additional 577 shares during the last quarter. Finally, Curat Global LLC acquired a new position in shares of Costco Wholesale during the 1st quarter worth $241,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

COST stock traded down $3.98 during trading on Tuesday, reaching $985.96. 2,198,786 shares of the stock were exchanged, compared to its average volume of 2,074,236. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $437.25 billion, a P/E ratio of 55.93, a price-to-earnings-growth ratio of 5.85 and a beta of 0.97. The stock has a 50 day simple moving average of $1,004.54 and a 200-day simple moving average of $981.06.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. The company had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. Costco Wholesale's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.78 EPS. As a group, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, May 2nd. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's payout ratio is 29.50%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a report on Thursday, May 29th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Robert W. Baird increased their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Truist Financial raised their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Finally, Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,034.79.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director directly owned 11,531 shares in the company, valued at approximately $11,300,380. The trade was a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 43,994 shares in the company, valued at approximately $43,161,193.58. The trade was a 8.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,547 shares of company stock worth $9,496,950. Corporate insiders own 0.18% of the company's stock.

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.