HUB Investment Partners LLC Has $7.62 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

HUB Investment Partners LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,311 shares of the retailer’s stock after buying an additional 232 shares during the period. HUB Investment Partners LLC’s holdings in Costco Wholesale were worth $7,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cromwell Holdings LLC grew its stake in shares of Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after buying an additional 10 shares in the last quarter. 44 Wealth Management LLC boosted its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares during the period. SRN Advisors LLC boosted its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after purchasing an additional 10 shares during the period. Miramar Capital LLC boosted its position in Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after buying an additional 10 shares during the period. Finally, Sculati Wealth Management LLC boosted its position in Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.7 %

NASDAQ:COST opened at $904.05 on Thursday. 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 fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The stock’s 50-day moving average is $988.75 and its two-hundred day moving average is $944.83. The stock has a market cap of $401.31 billion, a PE ratio of 53.09, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on COST shares. Loop Capital reduced their price objective on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday, March 7th. BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Truist Financial upped their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,030.43.

Insiders Place Their Bets

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

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.