Three Seasons Wealth LLC Invests $363,000 in Costco Wholesale Co. (NASDAQ:COST)

Three Seasons Wealth LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 396 shares of the retailer's stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Synergy Investment Management LLC bought a new position in Costco Wholesale in the fourth quarter valued at approximately $31,000. NewSquare Capital LLC lifted its holdings in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the 4th quarter valued at $33,000. Collier Financial acquired a new position in shares of Costco Wholesale in the fourth quarter valued at $35,000. Finally, Barrett & Company Inc. lifted its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after buying an additional 16 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on COST shares. Robert W. Baird increased their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Stifel Nicolaus reduced their price target on Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Mizuho initiated coverage on Costco Wholesale in a research report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target on the stock. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,024.03.

Insider Transactions at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares of the company's stock, valued at $38,242,687. This represents a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,600 shares of company stock valued at $9,140,195 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 0.2 %

Shares of NASDAQ COST traded up $1.68 during midday trading on Friday, reaching $977.16. The stock had a trading volume of 1,779,952 shares, compared to its average volume of 2,034,528. Costco Wholesale Co. has a twelve month low of $715.32 and a twelve month high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company's 50 day moving average price is $966.46 and its 200 day moving average price is $955.84. The firm has a market cap of $433.55 billion, a price-to-earnings ratio of 57.38, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $63.02 billion. As a group, sell-side analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.53%. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, May 2nd. Costco Wholesale's dividend payout ratio is presently 30.36%.

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.