1,181 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Atala Financial Inc

Atala Financial Inc acquired a new position in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,181 shares of the retailer’s stock, valued at approximately $1,082,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the period. Nwam LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $8,430,000. GAMMA Investing LLC lifted its stake in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares during the period. Finally, Dale Q Rice Investment Management Ltd acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $984,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays boosted their price objective on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a report on Monday. Robert W. Baird boosted 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. BMO Capital Markets upped their price target 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. Truist Financial upped their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Finally, Wells Fargo & Company upped their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,030.43.

Costco Wholesale Stock Down 3.9 %

Shares of NASDAQ COST opened at $890.62 on Friday. Costco Wholesale Co. has a one year low of $697.27 and a one year 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 business’s fifty day moving average price is $990.05 and its 200-day moving average price is $944.14. The stock has a market capitalization of $395.35 billion, a PE ratio of 52.30, a P/E/G ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last issued 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 firm had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Insider Buying and Selling

In related news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated 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 owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This represents a 8.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by 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.