Syon Capital LLC Has $3.82 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Syon Capital LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 37.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,784 shares of the retailer’s stock after buying an additional 1,580 shares during the quarter. Syon Capital LLC’s holdings in Costco Wholesale were worth $3,818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in Costco Wholesale by 4.3% in the third quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock valued at $2,901,040,000 after purchasing an additional 210,586 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Costco Wholesale by 61,693.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after acquiring an additional 3,100,099 shares during the period. Wellington Management Group LLP increased its stake in shares of Costco Wholesale by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,689,514 shares of the retailer’s stock worth $1,519,468,000 after purchasing an additional 24,274 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Costco Wholesale by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,580,649 shares of the retailer’s stock valued at $1,457,964,000 after purchasing an additional 28,259 shares during the period. Finally, Invesco Ltd. grew its holdings in Costco Wholesale by 18.3% during the third quarter. Invesco Ltd. now owns 2,088,673 shares of the retailer’s stock worth $1,180,016,000 after purchasing an additional 323,346 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Oppenheimer boosted their target price on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Tigress Financial raised their price target on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Roth Mkm boosted their price target on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company raised their price objective on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $694.48.

Costco Wholesale Stock Up 1.0 %

NASDAQ:COST traded up $7.32 during trading hours on Friday, reaching $729.18. The company had a trading volume of 1,512,991 shares, compared to its average volume of 2,055,581. The firm has a market cap of $323.39 billion, a price-to-earnings ratio of 47.62, a P/E/G ratio of 4.82 and a beta of 0.77. The business’s 50-day simple moving average is $730.31 and its two-hundred day simple moving average is $664.86. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. Costco Wholesale’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.30 EPS. On average, equities analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Insider Buying and Selling

In related news, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the sale, the director now directly owns 12,395 shares in the company, valued at approximately $8,967,534.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Susan L. Decker sold 1,442 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the sale, the director now directly owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,727 shares of company stock valued at $2,682,948. 0.18% of the stock is owned by company insiders.

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.