AGF Management Ltd. Has $35.01 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

AGF Management Ltd. lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 24.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 38,208 shares of the retailer’s stock after selling 12,337 shares during the quarter. AGF Management Ltd.’s holdings in Costco Wholesale were worth $35,009,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter worth about $29,000. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter worth about $31,000. NewSquare Capital LLC raised its holdings in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter worth about $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have 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 stock a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus increased their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Evercore ISI increased their target price on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a research report on Tuesday. Truist Financial increased their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Finally, DA Davidson raised their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,030.43.

Costco Wholesale Price Performance

COST stock opened at $930.49 on Wednesday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $990.22 and a two-hundred day simple moving average of $944.64. The firm has a market capitalization of $413.04 billion, a P/E ratio of 54.64, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend yield of 0.50%. 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.