Arrowstreet Capital Limited Partnership Has $119.48 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Arrowstreet Capital Limited Partnership boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 28.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 130,403 shares of the retailer’s stock after buying an additional 29,043 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Costco Wholesale were worth $119,484,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of COST. Synergy Investment Management LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $31,000. NewSquare Capital LLC lifted its holdings in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $33,000. Collier Financial bought a new position in shares of Costco Wholesale during the fourth quarter worth about $35,000. Finally, Barrett & Company Inc. raised its position in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Truist Financial boosted their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, UBS Group upped their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,029.00.

Costco Wholesale Stock Down 1.0 %

COST stock opened at $929.66 on Monday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $412.47 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 6.15 and a beta of 0.82. The business’s fifty day moving average price is $988.07 and its two-hundred day moving average price is $946.86.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to the consensus estimate 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 anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 900 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $6,445,926.72. This represents a 11.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the sale, the executive vice president now directly owns 11,165 shares of the company’s stock, valued at $10,495,211.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock valued at $5,215,915 over the last 90 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.