Canopy Partners LLC Buys 332 Shares of Costco Wholesale Co. (NASDAQ:COST)

Canopy Partners LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,242 shares of the retailer's stock after purchasing an additional 332 shares during the quarter. Costco Wholesale accounts for 0.8% of Canopy Partners LLC's portfolio, making the stock its 29th largest position. Canopy Partners LLC's holdings in Costco Wholesale were worth $2,054,000 at the end of the most recent quarter.

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

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,600 shares of company stock worth $5,215,915. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Up 0.4 %

Shares of NASDAQ:COST traded up $4.15 on Friday, reaching $968.46. The company had a trading volume of 1,333,908 shares, compared to its average volume of 1,998,609. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $429.69 billion, a P/E ratio of 56.62, a P/E/G ratio of 6.15 and a beta of 0.95. The stock has a 50-day moving average price of $984.05 and a 200 day moving average price of $949.09. Costco Wholesale Co. has a twelve month low of $702.00 and a twelve month high of $1,078.24.

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). 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 analyst estimates of $63.02 billion. On average, equities analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Friday, February 7th. Costco Wholesale's dividend payout ratio is currently 27.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on COST shares. Barclays lifted their price target on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Robert W. Baird boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Roth Mkm raised their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Sanford C. Bernstein reissued an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, Loop Capital decreased their target price on Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating for the company in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,024.03.

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.