Resolute Advisors LLC Acquires New Shares in Costco Wholesale Co. (NASDAQ:COST)

Resolute Advisors LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 418 shares of the retailer's stock, valued at approximately $383,000.

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

Insider Activity at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares of the company's stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gary Millerchip sold 1,100 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the transaction, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,600 shares of company stock worth $5,215,915. 0.18% of the stock is owned by company insiders.

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Analyst Ratings Changes

COST has been the topic of several analyst reports. Evercore ISI upped their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Friday. Cowen reissued a "buy" rating on shares of Costco Wholesale in a research note on Friday, March 7th. UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,029.00.

Costco Wholesale Stock Down 1.6 %

Shares of COST traded down $14.57 during trading hours on Monday, reaching $901.91. 2,264,180 shares of the stock traded hands, compared to its average volume of 1,959,506. Costco Wholesale Co. has a 52 week low of $702.00 and a 52 week high of $1,078.24. The company has a market cap of $400.16 billion, a price-to-earnings ratio of 52.78, a PEG ratio of 6.15 and a beta of 0.95. The stock has a fifty day simple moving average of $988.70 and a 200 day simple moving average of $948.42. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its 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). The business had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, equities analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is currently 27.09%.

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.