Polymer Capital Management US LLC Acquires Shares of 709 Costco Wholesale Co. (NASDAQ:COST)

Polymer Capital Management US LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 709 shares of the retailer’s stock, valued at approximately $650,000.

Several other hedge funds have also made changes to their positions in the company. United Bank boosted its position in Costco Wholesale by 7.5% during the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock worth $5,285,000 after acquiring an additional 416 shares during the period. XTX Topco Ltd acquired a new stake in shares of Costco Wholesale during the third quarter worth approximately $945,000. Dunhill Financial LLC grew its position in Costco Wholesale by 10.6% during the third quarter. Dunhill Financial LLC now owns 240 shares of the retailer’s stock valued at $213,000 after purchasing an additional 23 shares in the last quarter. Northeast Financial Consultants Inc lifted its position in Costco Wholesale by 1.7% in the 3rd quarter. Northeast Financial Consultants Inc now owns 1,354 shares of the retailer’s stock worth $1,200,000 after buying an additional 22 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at $355,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COST. Wells Fargo & Company increased their price objective 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. Truist Financial boosted their price target on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. TD Cowen raised their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. DA Davidson boosted their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Finally, Barclays increased their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the transaction, the executive vice president now directly owns 11,165 shares in the company, valued at approximately $10,495,211.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Down 5.2 %

NASDAQ COST opened at $916.48 on Monday. Costco Wholesale Co. has a 1-year low of $702.00 and a 1-year high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $988.70 and its two-hundred day moving average is $948.42. The company has a market capitalization of $406.63 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 6.15 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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). The company had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Equities analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

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.