Fundamentun LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Fundamentun LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,732 shares of the retailer’s stock after purchasing an additional 1,214 shares during the period. Fundamentun LLC’s holdings in Costco Wholesale were worth $3,074,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Cowa LLC bought a new position in Costco Wholesale during the third quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC grew its stake in Costco Wholesale by 1,050.0% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 69 shares of the retailer’s stock valued at $33,000 after buying an additional 63 shares in the last quarter. Newfound Research LLC purchased a new position in Costco Wholesale in the 3rd quarter valued at approximately $40,000. Focused Wealth Management Inc raised its holdings in Costco Wholesale by 275.0% during the 4th quarter. Focused Wealth Management Inc now owns 90 shares of the retailer’s stock valued at $41,000 after acquiring an additional 66 shares during the period. Finally, Piershale Financial Group Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $46,000. Institutional investors own 66.03% of the company’s stock.

Costco Wholesale Trading Down 0.0 %

Costco Wholesale stock traded down $0.21 during trading hours on Friday, reaching $487.05. The company had a trading volume of 3,959,291 shares, compared to its average volume of 2,030,241. The firm has a market cap of $216.00 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 3.63 and a beta of 0.79. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 0.56. The company has a 50-day moving average price of $492.96 and a 200 day moving average price of $492.19.

Costco Wholesale (NASDAQ:COST – Get Rating) last posted its quarterly earnings results on Thursday, March 2nd. The retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. The company had revenue of $55.27 billion during the quarter, compared to analyst estimates of $55.61 billion. Costco Wholesale had a net margin of 2.58% and a return on equity of 28.66%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.92 EPS. Equities analysts forecast that Costco Wholesale Co. will post 14.36 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Friday, February 3rd were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, February 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 0.74%. Costco Wholesale’s dividend payout ratio is presently 26.45%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Sanford C. Bernstein initiated coverage on Costco Wholesale in a research note on Tuesday, December 6th. They set an “outperform” rating and a $586.00 price objective on the stock. UBS Group lowered their price target on shares of Costco Wholesale from $600.00 to $575.00 in a report on Friday, March 3rd. Cowen cut their price objective on shares of Costco Wholesale from $650.00 to $600.00 and set an “outperform” rating for the company in a research report on Monday, January 23rd. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, March 10th. Finally, Bank of America cut their price target on shares of Costco Wholesale from $605.00 to $600.00 in a report on Thursday, December 1st. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $550.16.

Insider Buying and Selling at Costco Wholesale

In other news, CFO Richard A. Galanti sold 2,068 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $483.32, for a total value of $999,505.76. Following the sale, the chief financial officer now directly owns 25,350 shares in the company, valued at approximately $12,252,162. The sale was disclosed in a filing with the SEC, which is available through this link. In other Costco Wholesale news, EVP James C. Klauer sold 2,500 shares of the firm’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $503.69, for a total value of $1,259,225.00. Following the completion of the sale, the executive vice president now directly owns 40,884 shares in the company, valued at $20,592,861.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard A. Galanti sold 2,068 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $483.32, for a total value of $999,505.76. Following the transaction, the chief financial officer now owns 25,350 shares in the company, valued at approximately $12,252,162. The disclosure for this sale can be found here. Insiders sold 6,068 shares of company stock valued at $2,992,156 in the last 90 days. Insiders own 0.22% of the company’s stock.

About Costco Wholesale

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Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.