Terra Nova Asset Management LLC Has $2.06 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Terra Nova Asset Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 30.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,118 shares of the retailer’s stock after purchasing an additional 719 shares during the quarter. Costco Wholesale accounts for 1.8% of Terra Nova Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Terra Nova Asset Management LLC’s holdings in Costco Wholesale were worth $2,058,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of COST. Richelieu Gestion SA bought a new position in shares of Costco Wholesale in the 4th quarter worth about $25,000. Sanctuary Wealth Management L.L.C. bought a new stake in Costco Wholesale in the 4th quarter valued at about $26,000. Steph & Co. increased its position in Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after buying an additional 22 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $49,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Costco Wholesale by 888.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after purchasing an additional 80 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the completion of the transaction, the insider now owns 13,922 shares of the company’s stock, valued at $9,220,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the sale, the director now owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the sale, the insider now directly owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,582 shares of company stock valued at $10,736,778. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $732.63 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average of $724.29 and a 200-day moving average of $642.61. The firm has a market cap of $324.92 billion, a P/E ratio of 47.92, a P/E/G ratio of 5.06 and a beta of 0.77. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $787.08.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same period in the prior year, the business posted $3.30 earnings per share. Costco Wholesale’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts expect that Costco Wholesale Co. will post 15.82 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s payout ratio is currently 26.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COST. Telsey Advisory Group boosted their target price on Costco Wholesale from $750.00 to $785.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Loop Capital boosted their target price on shares of Costco Wholesale from $710.00 to $755.00 in a report on Friday, January 19th. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. DA Davidson boosted their target price on shares of Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, December 15th. Finally, Raymond James boosted their target price on shares of Costco Wholesale from $580.00 to $670.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $668.50.

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.