Jackson Thornton Wealth Management LLC Buys New Position in Costco Wholesale Co. (NASDAQ:COST)

Jackson Thornton Wealth Management LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 314 shares of the retailer's stock, valued at approximately $288,000.

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

Analysts Set New Price Targets

COST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. UBS Group raised their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. DA Davidson boosted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Truist Financial raised their target price on Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a report on Friday, March 7th. Finally, Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,029.00.

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Costco Wholesale Price Performance

NASDAQ:COST traded up $9.00 during trading hours on Thursday, hitting $938.75. The company's stock had a trading volume of 1,544,850 shares, compared to its average volume of 1,825,127. Costco Wholesale Co. has a 52-week low of $697.27 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 business's 50-day moving average is $988.34 and its two-hundred day moving average is $945.95. The company has a market capitalization of $416.51 billion, a PE ratio of 55.12, a PEG ratio of 6.15 and a beta of 0.82.

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 during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. As a group, research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is 27.09%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the company's 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 sale, the executive vice president now owns 11,165 shares of the company's stock, valued at $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares of the company's stock, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock worth $5,215,915 in the last quarter. Company insiders own 0.18% of the company's stock.

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.