Potentia Wealth Takes $282,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Potentia Wealth purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 308 shares of the retailer’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $8,430,000. GAMMA Investing LLC lifted its holdings in Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after purchasing an additional 1,001 shares in the last quarter. Dale Q Rice Investment Management Ltd acquired a new stake in Costco Wholesale during the 4th quarter worth $984,000. Stanich Group LLC acquired a new stake in Costco Wholesale during the 4th quarter worth $214,000. Finally, Everence Capital Management Inc. grew its holdings in shares of Costco Wholesale by 15.4% during the fourth quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer’s stock worth $10,916,000 after buying an additional 1,590 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $926.04 on Tuesday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month 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 company has a market cap of $410.87 billion, a P/E ratio of 54.38, a PEG ratio of 6.15 and a beta of 0.82. The firm has a fifty day moving average price of $987.58 and a 200 day moving average price of $945.73.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during 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%. Sell-side analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio is presently 27.09%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. 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 research note on Thursday, December 5th. Morgan Stanley upped their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, March 3rd. Stifel Nicolaus dropped their target price on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Finally, Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.