Usca Ria LLC Has $5.64 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Usca Ria LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,184 shares of the retailer’s stock after buying an additional 1,988 shares during the period. Usca Ria LLC’s holdings in Costco Wholesale were worth $5,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. Cordasco Financial Network acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $25,000. Horan Capital Advisors LLC. bought a new position in Costco Wholesale during the third quarter worth about $31,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Costco Wholesale by 164.3% during the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock worth $32,000 after acquiring an additional 69 shares in the last quarter. Enterprise Trust & Investment Co lifted its holdings in Costco Wholesale by 171.7% during the third quarter. Enterprise Trust & Investment Co now owns 125 shares of the retailer’s stock worth $36,000 after acquiring an additional 79 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in Costco Wholesale by 88.6% during the second quarter. Princeton Global Asset Management LLC now owns 132 shares of the retailer’s stock worth $35,000 after acquiring an additional 62 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

NASDAQ COST traded down $1.65 during trading on Monday, reaching $308.86. 255,065 shares of the company’s stock were exchanged, compared to its average volume of 1,880,817. The business has a 50 day moving average price of $297.06 and a 200-day moving average price of $291.30. The stock has a market capitalization of $137.17 billion, a P/E ratio of 36.64, a PEG ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.49. Costco Wholesale Co. has a fifty-two week low of $205.75 and a fifty-two week high of $314.28.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 12th. The retailer reported $1.73 EPS for the quarter, beating the consensus estimate of $1.71 by $0.02. Costco Wholesale had a return on equity of 24.22% and a net margin of 2.42%. The company had revenue of $37.04 billion for the quarter, compared to the consensus estimate of $37.40 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts forecast that Costco Wholesale Co. will post 8.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, February 6th. Costco Wholesale’s dividend payout ratio (DPR) is currently 31.75%.

In other Costco Wholesale news, VP Patrick J. Callans sold 2,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $293.99, for a total transaction of $587,980.00. Following the completion of the sale, the vice president now directly owns 59,679 shares in the company, valued at $17,545,029.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph P. Portera sold 14,095 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $299.52, for a total value of $4,221,734.40. Following the sale, the vice president now owns 6,211 shares of the company’s stock, valued at $1,860,318.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,313 shares of company stock valued at $9,099,357. 0.22% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on COST shares. Nomura restated a “hold” rating and issued a $300.00 price target on shares of Costco Wholesale in a report on Monday, January 6th. Telsey Advisory Group boosted their price target on Costco Wholesale from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, October 4th. BMO Capital Markets restated a “buy” rating and issued a $320.00 price target on shares of Costco Wholesale in a report on Friday, December 13th. Oppenheimer upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $300.00 to $335.00 in a report on Tuesday, January 21st. They noted that the move was a valuation call. Finally, BidaskClub upgraded Costco Wholesale from a “sell” rating to a “hold” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. Costco Wholesale presently has a consensus rating of “Buy” and an average target price of $302.05.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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