Costco Wholesale Co. (NASDAQ:COST) is Doheny Asset Management CA’s 7th Largest Position

Doheny Asset Management CA lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,192 shares of the retailer’s stock after selling 75 shares during the period. Costco Wholesale comprises about 2.9% of Doheny Asset Management CA’s holdings, making the stock its 7th biggest position. Doheny Asset Management CA’s holdings in Costco Wholesale were worth $3,841,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its stake in shares of Costco Wholesale by 74,796.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after purchasing an additional 1,519,861 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after purchasing an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after acquiring an additional 382,367 shares during the period. FMR LLC boosted its position in shares of Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the period. Finally, Amundi boosted its position in shares of Costco Wholesale by 11.2% in the fourth quarter. Amundi now owns 2,299,535 shares of the retailer’s stock valued at $2,132,519,000 after acquiring an additional 231,969 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. DA Davidson raised their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Barclays raised their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,030.43.

Costco Wholesale Stock Up 1.5 %

Shares of NASDAQ COST opened at $903.92 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The firm’s fifty day moving average is $989.80 and its 200 day moving average is $944.22. The company has a market cap of $401.25 billion, a price-to-earnings ratio of 53.08, a PEG ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, equities research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.09%.

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.