Taika Capital LP Invests $719,000 in Costco Wholesale Co. (NASDAQ:COST)

Taika Capital LP acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 785 shares of the retailer’s stock, valued at approximately $719,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at about $29,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale in the 4th quarter valued at about $31,000. NewSquare Capital LLC increased its stake in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the 4th quarter valued at about $33,000. Finally, Collier Financial purchased a new stake in Costco Wholesale in the 4th quarter valued at about $35,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 6.1 %

COST stock opened at $964.31 on Monday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The stock has a 50-day simple moving average of $989.69 and a two-hundred day simple moving average of $943.88. 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 firm has a market capitalization of $428.06 billion, a PE ratio of 56.62, a PEG ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. On average, equities analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is 27.09%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on COST shares. Morgan Stanley increased their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Loop Capital decreased their price objective on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a report on Friday. DA Davidson boosted their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, March 3rd. Finally, Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

About Costco Wholesale

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.