May Hill Capital LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 839 shares of the retailer's stock, valued at approximately $769,000.
Several other institutional investors have also recently made changes to their positions in COST. Centric Wealth Management boosted its stake in shares of Costco Wholesale by 73.3% during the fourth quarter. Centric Wealth Management now owns 2,945 shares of the retailer's stock valued at $2,699,000 after purchasing an additional 1,246 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $2,127,000. Invenio Wealth Partners LLC raised its position in shares of Costco Wholesale by 4.9% in the 4th quarter. Invenio Wealth Partners LLC now owns 580 shares of the retailer's stock worth $531,000 after acquiring an additional 27 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock worth $8,901,249,000 after purchasing an additional 252,118 shares during the last quarter. Finally, National Wealth Management Group LLC lifted its stake in shares of Costco Wholesale by 426.1% during the 4th quarter. National Wealth Management Group LLC now owns 1,252 shares of the retailer's stock worth $1,147,000 after purchasing an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.
Costco Wholesale Price Performance
Shares of COST stock traded down $33.57 during trading hours on Friday, reaching $933.51. The company had a trading volume of 2,129,616 shares, compared to its average volume of 1,946,025. Costco Wholesale Co. has a 12-month low of $702.00 and a 12-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 has a market capitalization of $414.18 billion, a price-to-earnings ratio of 54.77, a PEG ratio of 6.15 and a beta of 0.82. The stock has a fifty day moving average of $989.17 and a 200-day moving average of $947.61.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, equities analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.
Costco Wholesale Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale's dividend payout ratio is currently 27.09%.
Analyst Ratings Changes
Several research firms have commented on COST. DA Davidson increased their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Truist Financial raised their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Jefferies Financial Group increased their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and a consensus price target of $1,029.00.
View Our Latest Analysis on COST
Insider Activity
In related news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 owns 41,077 shares in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the transaction, the executive vice president now owns 6,987 shares in the company, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock valued at $5,215,915 in the last quarter. Insiders own 0.18% of the company's stock.
Costco Wholesale Company Profile
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Free Report)
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.
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