Banco de Sabadell S.A Has $4.19 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Banco de Sabadell S.A grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,575 shares of the retailer’s stock after purchasing an additional 279 shares during the quarter. Costco Wholesale makes up approximately 3.3% of Banco de Sabadell S.A’s investment portfolio, making the stock its 7th largest holding. Banco de Sabadell S.A’s holdings in Costco Wholesale were worth $4,193,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth about $29,000. Synergy Investment Management LLC bought a new stake in Costco Wholesale during the fourth quarter worth $31,000. NewSquare Capital LLC boosted its stake in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Finally, Collier Financial bought a new stake in shares of Costco Wholesale during the fourth quarter worth $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on COST shares. DA Davidson boosted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Costco Wholesale in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price target 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. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Transactions at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $909.26 on Friday. The business’s fifty day moving average is $987.55 and its 200 day moving average is $945.06. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The firm has a market cap of $403.42 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 6.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share 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 the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis 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 currently 27.09%.

Costco Wholesale Company 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.