Crux Wealth Advisors Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Crux Wealth Advisors bought a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 261 shares of the retailer's stock, valued at approximately $239,000.

Other hedge funds have also made changes to their positions in the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Costco Wholesale during the 4th quarter worth approximately $8,430,000. GAMMA Investing LLC boosted its position in shares of Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer's stock worth $7,020,000 after buying an additional 1,001 shares during the period. Dale Q Rice Investment Management Ltd acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at $984,000. Stanich Group LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at $214,000. Finally, Everence Capital Management Inc. lifted its stake in Costco Wholesale by 15.4% during the 4th quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer's stock worth $10,916,000 after acquiring an additional 1,590 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST traded up $15.91 on Monday, reaching $979.32. The company's stock had a trading volume of 2,218,559 shares, compared to its average volume of 2,006,427. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 52-week low of $702.00 and a 52-week high of $1,078.24. The stock's 50-day moving average is $981.61 and its two-hundred day moving average is $950.46. The stock has a market capitalization of $434.51 billion, a P/E ratio of 57.51, a PEG ratio of 6.15 and a beta of 0.95.

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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 earnings per share 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 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, sell-side analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 yield of 0.47%. Costco Wholesale's dividend payout ratio is currently 27.09%.

Insiders Place Their Bets

In related news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 41,077 shares of the company's stock, valued at $38,242,687. This represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gary Millerchip sold 1,100 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was 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 in the company, valued at $10,495,211.65. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,600 shares of company stock worth $5,215,915. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COST. DA Davidson boosted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a research note on Thursday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Loop Capital dropped their price target on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday. Finally, Truist Financial boosted their target price on Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,024.03.

Costco Wholesale Company 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.