Terra Nova Asset Management LLC Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Terra Nova Asset Management LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 30.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,118 shares of the retailer’s stock after buying an additional 719 shares during the period. Costco Wholesale comprises approximately 1.8% of Terra Nova Asset Management LLC’s portfolio, making the stock its 20th largest position. Terra Nova Asset Management LLC’s holdings in Costco Wholesale were worth $2,058,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COST. Richelieu Gestion SA purchased a new stake in Costco Wholesale during the fourth quarter valued at about $25,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $26,000. Steph & Co. boosted its holdings in shares of Costco Wholesale by 42.3% during the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $49,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 888.9% during the third quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock worth $50,000 after purchasing an additional 80 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the transaction, the insider now directly owns 13,922 shares of the company’s stock, valued at $9,220,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel M. Hines sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total value of $927,220.00. Following the sale, the insider now directly owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the sale, the director now directly owns 12,395 shares in the company, valued at $8,967,534.60. The disclosure for this sale can be found here. Insiders have sold 15,582 shares of company stock valued at $10,736,778 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

COST stock opened at $732.63 on Friday. The firm’s fifty day simple moving average is $724.29 and its 200-day simple moving average is $642.61. The company has a market capitalization of $324.92 billion, a P/E ratio of 47.92, a price-to-earnings-growth ratio of 5.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $476.75 and a 12 month high of $787.08.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The firm had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same period in the prior year, the firm posted $3.30 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts forecast that Costco Wholesale Co. will post 15.82 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio is currently 26.68%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. Telsey Advisory Group increased their price target on shares of Costco Wholesale from $750.00 to $785.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Truist Financial increased their price target on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. DA Davidson increased their price target on shares of Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, December 15th. UBS Group raised their target price on shares of Costco Wholesale from $640.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $668.50.

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.