Arrowstreet Capital Limited Partnership Acquires 29,043 Shares of Costco Wholesale Co. (NASDAQ:COST)

Arrowstreet Capital Limited Partnership increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,403 shares of the retailer’s stock after purchasing an additional 29,043 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Costco Wholesale were worth $119,484,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. United Bank lifted its holdings in Costco Wholesale by 7.5% in the third quarter. United Bank now owns 5,962 shares of the retailer’s stock valued at $5,285,000 after buying an additional 416 shares during the period. Quantbot Technologies LP lifted its stake in shares of Costco Wholesale by 182.1% in the 3rd quarter. Quantbot Technologies LP now owns 409 shares of the retailer’s stock valued at $363,000 after purchasing an additional 264 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $244,000. Tradition Wealth Management LLC boosted its position in shares of Costco Wholesale by 3.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 2,758 shares of the retailer’s stock valued at $2,445,000 after purchasing an additional 93 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in Costco Wholesale by 176.6% during the third quarter. True Wealth Design LLC now owns 130 shares of the retailer’s stock worth $115,000 after purchasing an additional 83 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. The trade was a 11.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock worth $5,215,915 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Down 1.0 %

NASDAQ COST opened at $929.66 on Monday. 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 is $988.07 and its 200-day moving average is $946.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS 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 during the quarter, compared to the consensus estimate of $63.02 billion. Equities research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on COST shares. DA Davidson increased their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Barclays lifted their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Truist Financial increased their price objective 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. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine research 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,029.00.

About Costco Wholesale

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.