Dynamic Technology Lab Private Ltd Makes New $1.19 Million Investment in Costco Wholesale Corporation $COST

Dynamic Technology Lab Private Ltd bought a new position in Costco Wholesale Corporation (NASDAQ:COSTFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,290 shares of the retailer’s stock, valued at approximately $1,194,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vinva Investment Management Ltd raised its position in shares of Costco Wholesale by 18.5% in the 3rd quarter. Vinva Investment Management Ltd now owns 33,989 shares of the retailer’s stock worth $31,163,000 after purchasing an additional 5,315 shares during the last quarter. TPG Financial Advisors LLC grew its position in Costco Wholesale by 33.9% during the 3rd quarter. TPG Financial Advisors LLC now owns 367 shares of the retailer’s stock valued at $340,000 after purchasing an additional 93 shares during the last quarter. Guardian Partners Inc. grew its position in Costco Wholesale by 0.9% during the 3rd quarter. Guardian Partners Inc. now owns 11,663 shares of the retailer’s stock valued at $10,699,000 after purchasing an additional 102 shares during the last quarter. Cladis Investment Advisory LLC increased its stake in Costco Wholesale by 10.5% during the 3rd quarter. Cladis Investment Advisory LLC now owns 2,613 shares of the retailer’s stock valued at $2,419,000 after purchasing an additional 249 shares in the last quarter. Finally, Ameriflex Group Inc. increased its stake in Costco Wholesale by 133.9% during the 3rd quarter. Ameriflex Group Inc. now owns 6,175 shares of the retailer’s stock valued at $5,716,000 after purchasing an additional 3,535 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Russell D. Miller sold 1,500 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $916.32, for a total transaction of $1,374,480.00. Following the completion of the sale, the executive vice president owned 8,240 shares in the company, valued at approximately $7,550,476.80. This represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 850 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $986.26, for a total value of $838,321.00. Following the completion of the transaction, the executive vice president directly owned 4,228 shares in the company, valued at approximately $4,169,907.28. This represents a 16.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 6,915 shares of company stock worth $6,317,097. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Hovde Group initiated coverage on shares of Costco Wholesale in a research note on Tuesday, November 18th. They issued a “market perform” rating and a $16.00 target price on the stock. Daiwa Securities Group reduced their price target on shares of Costco Wholesale from $947.00 to $917.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. Oppenheimer boosted their price objective on shares of Costco Wholesale from $1,050.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Gordon Haskett upped their price objective on Costco Wholesale from $1,000.00 to $1,100.00 in a research report on Tuesday, February 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $1,115.00 target price on shares of Costco Wholesale in a research note on Thursday. Twenty-two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,035.35.

Read Our Latest Stock Report on COST

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $998.10 on Monday. The firm’s 50-day moving average price is $961.64 and its 200-day moving average price is $935.32. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,067.08. The company has a market cap of $443.03 billion, a PE ratio of 51.90, a PEG ratio of 4.76 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, March 5th. The retailer reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The firm had revenue of $69.60 billion during the quarter, compared to analysts’ expectations of $68.96 billion. During the same period in the previous year, the company earned $4.02 earnings per share. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $1.30 per share. The ex-dividend date was Friday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. Costco Wholesale’s payout ratio is currently 27.04%.

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About Costco Wholesale

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

See Also

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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