Belpointe Asset Management LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Belpointe Asset Management LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 23.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,842 shares of the retailer's stock after acquiring an additional 1,670 shares during the quarter. Belpointe Asset Management LLC's holdings in Costco Wholesale were worth $7,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Hanlon Investment Management Inc. increased its stake in Costco Wholesale by 6.7% in the 4th quarter. Hanlon Investment Management Inc. now owns 303 shares of the retailer's stock valued at $278,000 after buying an additional 19 shares during the last quarter. CreativeOne Wealth LLC boosted its position in Costco Wholesale by 20.4% in the fourth quarter. CreativeOne Wealth LLC now owns 6,579 shares of the retailer's stock worth $6,028,000 after purchasing an additional 1,114 shares during the last quarter. Mariner LLC grew its stake in Costco Wholesale by 2.6% in the 4th quarter. Mariner LLC now owns 356,151 shares of the retailer's stock valued at $326,341,000 after purchasing an additional 9,032 shares during the period. Peninsula Wealth LLC raised its stake in shares of Costco Wholesale by 1.2% during the 4th quarter. Peninsula Wealth LLC now owns 818 shares of the retailer's stock worth $749,000 after purchasing an additional 10 shares during the period. Finally, Trustmark National Bank Trust Department boosted its holdings in shares of Costco Wholesale by 5.2% in the 4th quarter. Trustmark National Bank Trust Department now owns 5,079 shares of the retailer's stock worth $4,654,000 after buying an additional 250 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

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Costco Wholesale Trading Up 1.7 %

Shares of COST stock traded up $15.91 on Monday, hitting $979.32. 2,218,559 shares of the company's stock traded hands, compared to its average volume of 2,006,427. 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 stock has a market capitalization of $434.51 billion, a price-to-earnings ratio of 57.51, a P/E/G ratio of 6.15 and a beta of 0.95. The company's fifty day simple moving average is $981.61 and its 200 day simple moving average is $950.46. Costco Wholesale Co. has a one year low of $702.00 and a one year high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. Equities analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio is 27.09%.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the transaction, the executive vice president now directly owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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. The trade was a 8.06 % decrease in their position. 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 over the last three months. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COST. DA Davidson boosted their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Truist Financial raised their target price on Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research report on Friday, March 7th. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday. Finally, Stifel Nicolaus lowered their price target on shares of 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. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,024.03.

Costco Wholesale 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.