Congress Wealth Management LLC DE Has $51.77 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Congress Wealth Management LLC DE cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,503 shares of the retailer's stock after selling 2,620 shares during the period. Costco Wholesale accounts for approximately 0.7% of Congress Wealth Management LLC DE's holdings, making the stock its 25th biggest holding. Congress Wealth Management LLC DE's holdings in Costco Wholesale were worth $51,774,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale in the fourth quarter worth $31,000. NewSquare Capital LLC boosted its position in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing 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 valued at $33,000. Finally, Collier Financial bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $35,000. Institutional investors own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Citigroup boosted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, DA Davidson lifted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat, Costco Wholesale currently has an average rating of "Moderate Buy" and an average target price of $1,029.00.

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Insider Transactions at Costco Wholesale

In related news, 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 transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This represents a 11.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,600 shares of company stock valued at $5,215,915. Company insiders own 0.18% of the company's stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded up $9.00 during trading on Thursday, reaching $938.75. The company's stock had a trading volume of 1,544,850 shares, compared to its average volume of 1,825,127. The business's 50-day moving average price is $988.34 and its 200-day moving average price is $945.95. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The firm has a market cap of $416.51 billion, a PE ratio of 55.12, a P/E/G ratio of 6.15 and a beta of 0.82. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Equities analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share 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 given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's payout ratio is presently 27.09%.

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.