Orion Portfolio Solutions LLC Purchases 2,297 Shares of Costco Wholesale Co. (NASDAQ:COST)

Orion Portfolio Solutions LLC raised its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,586 shares of the retailer's stock after acquiring an additional 2,297 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Costco Wholesale were worth $23,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CHURCHILL MANAGEMENT Corp bought a new position in Costco Wholesale in the 4th quarter worth $8,430,000. GAMMA Investing LLC raised its stake in shares of Costco Wholesale by 15.0% in 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 purchased a new position in shares of Costco Wholesale during the 4th quarter valued at about $984,000. Stanich Group LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $214,000. Finally, Everence Capital Management Inc. grew its stake in shares of Costco Wholesale by 15.4% during the 4th quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer's stock valued at $10,916,000 after acquiring an additional 1,590 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction on Monday, March 24th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the 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 transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock valued at $5,215,915 in the last quarter. 0.18% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on COST. Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Raymond James upped their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, March 3rd. Truist Financial upped their price objective on Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research note on Friday, March 7th. Finally, Oppenheimer reissued an "outperform" rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,029.00.

Costco Wholesale Trading Down 1.0 %

COST stock traded down $9.09 during mid-day trading on Friday, reaching $929.66. 2,099,737 shares of the stock traded hands, compared to its average volume of 1,941,143. The business has a 50-day moving average price of $988.07 and a two-hundred day moving average price of $946.54. The stock has a market capitalization of $412.47 billion, a PE ratio of 54.59, a PEG ratio of 6.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24.

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). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. Equities research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, February 7th. Costco Wholesale's payout ratio is currently 27.09%.

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.