Fiera Capital Corp Purchases 4,279 Shares of Costco Wholesale Co. (NASDAQ:COST)

Fiera Capital Corp lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,488 shares of the retailer’s stock after acquiring an additional 4,279 shares during the quarter. Fiera Capital Corp’s holdings in Costco Wholesale were worth $13,369,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. increased its holdings in Costco Wholesale by 0.5% in the third quarter. Tocqueville Asset Management L.P. now owns 6,422 shares of the retailer’s stock valued at $1,850,000 after purchasing an additional 34 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in Costco Wholesale by 1.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 2,786 shares of the retailer’s stock valued at $818,000 after purchasing an additional 34 shares during the last quarter. Crewe Advisors LLC increased its holdings in Costco Wholesale by 9.2% in the third quarter. Crewe Advisors LLC now owns 415 shares of the retailer’s stock valued at $120,000 after purchasing an additional 35 shares during the last quarter. Bernicke Wealth Management Ltd. increased its holdings in Costco Wholesale by 0.8% in the fourth quarter. Bernicke Wealth Management Ltd. now owns 4,567 shares of the retailer’s stock valued at $1,342,000 after purchasing an additional 35 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC increased its holdings in Costco Wholesale by 2.5% in the third quarter. Brandywine Oak Private Wealth LLC now owns 1,476 shares of the retailer’s stock valued at $425,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 70.03% of the company’s stock.

NASDAQ:COST opened at $318.20 on Friday. Costco Wholesale Co. has a 1 year low of $211.14 and a 1 year high of $318.79. The company has a current ratio of 1.01, a quick ratio of 0.49 and a debt-to-equity ratio of 0.47. The stock has a market cap of $138.62 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 4.50 and a beta of 0.90. The stock has a 50-day moving average price of $302.93 and a two-hundred day moving average price of $294.30.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, February 6th. This represents a $2.60 annualized dividend and a dividend yield of 0.82%. Costco Wholesale’s dividend payout ratio is currently 31.75%.

A number of equities research analysts recently commented on COST shares. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, January 31st. Robert W. Baird reiterated a “buy” rating and issued a $325.00 price objective on shares of Costco Wholesale in a report on Wednesday, February 5th. Oppenheimer upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and upped their price objective 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. BidaskClub upgraded Costco Wholesale from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Finally, Raymond James upped their price objective on Costco Wholesale from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $303.83.

In other news, VP Patrick J. Callans sold 2,000 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 59,679 shares of the company’s stock, valued at $17,545,029.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Decker sold 3,850 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $300.41, for a total value of $1,156,578.50. Following the transaction, the director now directly owns 34,582 shares of the company’s stock, valued at $10,388,778.62. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

About Costco Wholesale

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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