Tidemark LLC Purchases 54 Shares of Costco Wholesale Co. (NASDAQ:COST)

Tidemark LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 371 shares of the retailer’s stock after acquiring an additional 54 shares during the period. Tidemark LLC’s holdings in Costco Wholesale were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the third quarter valued at $29,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $31,000. NewSquare Capital LLC raised its stake in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the fourth quarter worth about $33,000. Finally, Collier Financial bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $35,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the sale, the chief executive officer now owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST stock opened at $903.92 on Friday. 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 1 year low of $697.27 and a 1 year high of $1,078.24. The company has a market cap of $401.25 billion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81. The stock’s fifty day moving average price is $989.80 and its 200-day moving average price is $944.47.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The firm 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%. On average, equities analysts forecast that Costco Wholesale Co. will post 18.03 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 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.09%.

Wall Street Analyst Weigh In

COST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. UBS Group increased their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. TD Cowen boosted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group raised their target price 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. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,030.43.

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.