Jacobs & Co. CA Has $19.55 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Jacobs & Co. CA lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,613 shares of the retailer’s stock after selling 430 shares during the quarter. Costco Wholesale makes up about 2.2% of Jacobs & Co. CA’s investment portfolio, making the stock its 8th largest position. Jacobs & Co. CA’s holdings in Costco Wholesale were worth $19,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its holdings in Costco Wholesale by 118,320.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after purchasing an additional 7,390,278 shares during the last quarter. Norges Bank acquired a new position in Costco Wholesale in the fourth quarter valued at about $2,328,844,000. Morgan Stanley grew its stake in Costco Wholesale by 18.0% in the fourth quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after acquiring an additional 1,315,174 shares during the period. Barclays PLC grew its stake in Costco Wholesale by 172.6% in the second quarter. Barclays PLC now owns 1,357,548 shares of the retailer’s stock valued at $730,877,000 after acquiring an additional 859,599 shares during the period. Finally, C WorldWide Group Holding A S acquired a new position in Costco Wholesale in the third quarter valued at about $390,630,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research analyst reports. Citigroup boosted their target price on Costco Wholesale from $585.00 to $630.00 and gave the company a “neutral” rating in a research note on Friday, December 15th. Truist Financial boosted their target price on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Wells Fargo & Company upped their price objective on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Finally, Evercore ISI upped their price objective on Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $668.50.

Costco Wholesale Price Performance

NASDAQ:COST opened at $732.08 on Thursday. The firm has a market capitalization of $324.68 billion, a price-to-earnings ratio of 47.88, a P/E/G ratio of 5.07 and a beta of 0.77. The stock’s 50 day moving average price is $723.33 and its two-hundred day moving average price is $641.98. 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 12-month low of $476.75 and a 12-month high of $787.08.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.09. The business had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $3.30 EPS. On average, analysts anticipate that Costco Wholesale Co. will post 15.78 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares in the company, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock valued at $10,736,778 in the last three months. Corporate insiders own 0.18% of the company’s stock.

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.