Tidal Investments LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Tidal Investments LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 88.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,653 shares of the retailer's stock after buying an additional 22,422 shares during the period. Tidal Investments LLC's holdings in Costco Wholesale were worth $43,663,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Synergy Investment Management LLC purchased a new stake in Costco Wholesale during the 4th quarter worth about $31,000. NewSquare Capital LLC lifted its holdings in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the 4th quarter worth about $33,000. Collier Financial purchased a new stake in Costco Wholesale during the 4th quarter worth about $35,000. Finally, Barrett & Company Inc. lifted its holdings in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after purchasing an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Loop Capital lowered their price target on Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Truist Financial raised their price target on Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, Mizuho initiated coverage on Costco Wholesale in a research report on Friday, April 11th. They set a "neutral" rating and a $975.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,024.03.

Insiders Place Their Bets

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 41,077 shares of the company's stock, valued at $38,242,687. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value 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 have sold 9,600 shares of company stock valued at $9,140,195 over the last ninety days. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,025.83 on Friday. 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 has a market capitalization of $455.14 billion, a P/E ratio of 60.24, a P/E/G ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 12 month low of $788.20 and a 12 month high of $1,078.24. The business's 50-day moving average is $961.47 and its 200 day moving average is $967.73.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data 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 return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. On average, equities research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's payout ratio is presently 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.

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