Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 56,071.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,413 shares of the retailer's stock after purchasing an additional 17,382 shares during the period. Costco Wholesale accounts for 0.6% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 21st largest position. New Age Alpha Advisors LLC's holdings in Costco Wholesale were worth $15,955,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter worth $29,000. Synergy Investment Management LLC bought a new position in Costco Wholesale in the 4th quarter worth about $31,000. NewSquare Capital LLC raised its holdings in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $33,000. Finally, Collier Financial purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Up 0.9 %

NASDAQ COST traded up $7.92 during trading hours on Monday, hitting $937.58. 865,545 shares of the company were exchanged, compared to its average volume of 1,937,055. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. 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 50-day moving average price of $988.07 and a 200 day moving average price of $946.86. The stock has a market cap of $415.99 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

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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 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 firm had revenue of $63.72 billion for the quarter, compared to analysts' expectations of $63.02 billion. Analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale's payout ratio is 27.09%.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the company'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 sale, the chief executive officer now owns 41,077 shares of the company's stock, valued at approximately $38,242,687. This represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,600 shares of company stock valued at $5,215,915 in the last three months. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

COST has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Truist Financial raised their price target on Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research report on Friday, March 7th. UBS Group upped their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, March 3rd. Finally, Robert W. Baird boosted their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,029.00.

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.