Jupiter Asset Management Ltd. Purchases 1,148 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jupiter Asset Management Ltd. grew its position in Costco Wholesale Co. (NASDAQ:COST) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,237 shares of the retailer’s stock after acquiring an additional 1,148 shares during the period. Jupiter Asset Management Ltd.’s holdings in Costco Wholesale were worth $24,956,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares during the last quarter. Nwam LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $8,430,000. GAMMA Investing LLC lifted its stake in shares of Costco Wholesale by 15.0% during the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after buying an additional 1,001 shares during the last quarter. Finally, Dale Q Rice Investment Management Ltd bought a new position in Costco Wholesale in the 4th quarter valued at about $984,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on COST shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, March 3rd. TD Cowen upped their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. BMO Capital Markets lifted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Cowen restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, Robert W. Baird lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. 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 target price of $1,030.43.

Costco Wholesale Trading Down 0.4 %

NASDAQ COST opened at $927.08 on Thursday. The company has a market cap of $411.53 billion, a price-to-earnings ratio of 54.44, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $990.44 and its 200 day moving average is $944.52.

Costco Wholesale (NASDAQ:COST) last announced 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). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. As a group, sell-side analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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

Costco Wholesale Company 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.