Highview Capital Management LLC DE Raises Stake in Costco Wholesale Co. (NASDAQ:COST)

Highview Capital Management LLC DE increased its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,590 shares of the retailer’s stock after buying an additional 29 shares during the period. Costco Wholesale comprises about 1.6% of Highview Capital Management LLC DE’s holdings, making the stock its 19th largest position. Highview Capital Management LLC DE’s holdings in Costco Wholesale were worth $3,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Friedenthal Financial acquired a new stake in Costco Wholesale during the 4th quarter worth approximately $187,000. Financial Council Asset Management Inc purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $222,000. Tennessee Valley Asset Management Partners bought a new position in Costco Wholesale during the fourth quarter worth $207,000. Cornerstone Wealth Group LLC lifted its stake in Costco Wholesale by 25.9% during the fourth quarter. Cornerstone Wealth Group LLC now owns 4,601 shares of the retailer’s stock worth $3,037,000 after purchasing an additional 947 shares during the last quarter. Finally, Braun Bostich & Associates Inc. bought a new position in Costco Wholesale during the fourth quarter worth $275,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on COST. Evercore ISI increased their target price on Costco Wholesale from $795.00 to $805.00 and gave the stock an “outperform” rating in a research report on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $800.00 target price on shares of Costco Wholesale in a report on Thursday. DA Davidson reiterated a “neutral” rating and issued a $680.00 price target on shares of Costco Wholesale in a research report on Thursday. Raymond James raised their price target on Costco Wholesale from $580.00 to $670.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Finally, Northcoast Research downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price target on the stock. in a research report on Wednesday, December 20th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $691.28.

Read Our Latest Stock Report on Costco Wholesale

Insiders Place Their Bets

In related news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the sale, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, EVP Caton Frates sold 740 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total value of $505,790.00. Following the transaction, the executive vice president now directly owns 6,721 shares in the company, valued at approximately $4,593,803.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The disclosure for this sale can be found here. Insiders have sold 14,182 shares of company stock valued at $9,809,558 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

COST stock traded down $1.04 during trading on Friday, hitting $731.31. 1,480,732 shares of the company’s stock traded hands, compared to its average volume of 2,125,653. The stock has a fifty day moving average price of $730.24 and a two-hundred day moving average price of $654.15. The stock has a market capitalization of $324.34 billion, a price-to-earnings ratio of 47.83, a price-to-earnings-growth ratio of 5.00 and a beta of 0.77. 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 52 week low of $476.75 and a 52 week high of $787.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the prior year, the company earned $3.30 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that Costco Wholesale Co. will post 15.81 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $1.16 dividend. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.63%. Costco Wholesale’s payout ratio is presently 26.68%.

Costco Wholesale Company Profile

(Free Report)

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.

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

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