CreativeOne Wealth LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

CreativeOne Wealth LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,579 shares of the retailer's stock after purchasing an additional 1,114 shares during the period. CreativeOne Wealth LLC's holdings in Costco Wholesale were worth $6,028,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Synergy Investment Management LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at about $33,000. Collier Financial bought a new stake in Costco Wholesale during the fourth quarter worth about $35,000. Finally, Barrett & Company Inc. grew its stake in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after buying an additional 16 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 1.7 %

Shares of COST stock traded up $15.91 during mid-day trading on Monday, hitting $979.32. The company's stock had a trading volume of 2,218,559 shares, compared to its average volume of 2,006,427. Costco Wholesale Co. has a 52 week low of $702.00 and a 52 week 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's fifty day simple moving average is $981.61 and its 200-day simple moving average is $950.46. The company has a market cap of $434.51 billion, a PE ratio of 57.51, a P/E/G ratio of 6.15 and a beta of 0.95.

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Costco Wholesale (NASDAQ:COST - Get Free Report) last announced 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). The company had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, equities research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling

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 transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction dated 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 transaction, the executive vice president now owns 11,165 shares of the company's stock, 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 valued at $5,215,915. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

COST has been the subject of a number of recent analyst reports. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Truist Financial boosted their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a report on Friday, March 7th. Robert W. Baird raised their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Ten investment 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, Costco Wholesale 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.