Family Office Research LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Family Office Research LLC acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 385 shares of the retailer's stock, valued at approximately $353,000.

Several other large investors have also recently added to or reduced their stakes in COST. Argent Trust Co raised its stake in shares of Costco Wholesale by 0.4% during the 4th quarter. Argent Trust Co now owns 23,523 shares of the retailer's stock worth $21,553,000 after purchasing an additional 92 shares in the last quarter. First Foundation Advisors raised its position in Costco Wholesale by 4.0% during the fourth quarter. First Foundation Advisors now owns 14,880 shares of the retailer's stock valued at $13,634,000 after acquiring an additional 573 shares in the last quarter. Andrew Hill Investment Advisors Inc. lifted its stake in Costco Wholesale by 0.6% in the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 3,719 shares of the retailer's stock valued at $3,408,000 after acquiring an additional 21 shares during the last quarter. EnRich Financial Partners LLC grew its position in Costco Wholesale by 41.8% in the fourth quarter. EnRich Financial Partners LLC now owns 258 shares of the retailer's stock worth $236,000 after acquiring an additional 76 shares in the last quarter. Finally, Zuckerman Investment Group LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth $207,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Price Performance

Shares of COST traded down $0.27 during mid-day trading on Tuesday, hitting $979.05. 828,040 shares of the company traded hands, compared to its average volume of 2,001,869. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $434.39 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 6.15 and a beta of 0.95. The business has a 50-day moving average of $981.61 and a 200 day moving average of $950.46. Costco Wholesale Co. has a one year low of $702.00 and a one year high of $1,078.24.

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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 analysts' consensus estimates of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. 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%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction on 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 11,165 shares in the company, valued at approximately $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. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Barclays upped 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. Mizuho assumed coverage on Costco Wholesale in a research note on Friday. They issued a "neutral" rating and a $975.00 price objective on the stock. 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, April 9th. Finally, Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Ten 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, the company presently has an average rating of "Moderate Buy" and an average target price 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.