Triasima Portfolio Management inc. Has $3.77 Million Holdings in Costco Wholesale Corporation $COST

Key Points

• Triasima Portfolio Management inc. increased its stake in Costco Wholesale Corporation by 12.3%, owning 3,805 shares valued at approximately $3.77 million as of its latest SEC filing.
• Analysts have set varying price targets for Costco, with Goldman Sachs raising their target to $1,418 and Roth Capital setting a target of $907, indicating strong interest and differing perspectives on the stock's potential.
• Costco reported a quarterly earnings per share of $5.87, exceeding analysts' expectations, and its revenue reached $86.16 billion, marking an 8.1% increase year-over-year.

Triasima Portfolio Management inc. increased its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,805 shares of the retailer's stock after buying an additional 416 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Costco Wholesale were worth $3,767,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COST. Bulwark Capital Corp bought a new stake in Costco Wholesale in the 2nd quarter valued at $25,000. Anderson Financial Strategies LLC raised its stake in Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock valued at $38,000 after acquiring an additional 36 shares during the period. eCIO Inc. bought a new stake in Costco Wholesale in the 1st quarter valued at $48,000. Aspect Partners LLC raised its stake in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after acquiring an additional 11 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in Costco Wholesale in the 1st quarter valued at $61,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on COST. The Goldman Sachs Group increased their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a "buy" rating in a research note on Friday, September 26th. Truist Financial dropped their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a "hold" rating on the stock in a research note on Friday, September 26th. Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a "neutral" rating in a research note on Friday, September 26th. DA Davidson restated a "neutral" rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Finally, Evercore ISI lowered their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an "outperform" rating on the stock in a research report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,067.19.

Costco Wholesale Stock Up 0.4%

Shares of NASDAQ COST opened at $914.80 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a 52 week low of $867.34 and a 52 week high of $1,078.23. The stock has a market capitalization of $405.70 billion, a P/E ratio of 50.24, a PEG ratio of 5.52 and a beta of 0.98. The stock's fifty day moving average is $952.69 and its 200 day moving average is $971.76.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts' consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion for the quarter, compared to analysts' expectations of $86.01 billion. During the same quarter last year, the business earned $5.15 earnings per share. Costco Wholesale's revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale's dividend payout ratio (DPR) is 28.56%.

Insider Activity at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company's stock, valued at $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa A. Jones sold 600 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock valued at $7,588,685 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

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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