Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc raised its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 73.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846 shares of the retailer's stock after acquiring an additional 359 shares during the quarter. Glass Jacobson Investment Advisors llc's holdings in Costco Wholesale were worth $775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the 4th quarter worth $31,000. NewSquare Capital LLC boosted its stake 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 buying an additional 25 shares during the period. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $33,000. Collier Financial acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $35,000. Finally, Barrett & Company Inc. increased its stake in shares of 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 during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock traded down $0.27 on Tuesday, hitting $979.05. The company's stock had a trading volume of 828,040 shares, compared to its average volume of 2,001,869. The company has a market capitalization of $434.39 billion, a P/E ratio of 57.49, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a 52-week low of $702.00 and a 52-week high of $1,078.24. The firm has a fifty day moving average price of $981.61 and a 200-day moving average price of $950.46. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

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Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results 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 net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. On average, 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 business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale's dividend payout ratio (DPR) is 27.09%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 11,165 shares in the company, valued at approximately $10,495,211.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm'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 in the company, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock valued at $5,215,915 over the last quarter. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on COST shares. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. 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 note on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Finally, Cowen reiterated a "buy" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,024.03.

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.