Jupiter Asset Management Ltd. Acquires 1,148 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jupiter Asset Management Ltd. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,237 shares of the retailer’s stock after purchasing an additional 1,148 shares during the period. Jupiter Asset Management Ltd.’s holdings in Costco Wholesale were worth $24,956,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale in the fourth quarter worth $31,000. NewSquare Capital LLC increased 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 purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at $33,000. Finally, Collier Financial acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $35,000. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. DA Davidson boosted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective 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. UBS Group upped their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, March 3rd. Finally, Citigroup upped their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $927.08 on Thursday. The stock has a market cap of $411.53 billion, a price-to-earnings ratio of 54.44, a PEG ratio of 6.15 and a beta of 0.81. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $990.44 and a 200 day simple moving average of $944.52. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The business had revenue of $63.72 billion for 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, research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) 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.