Petros Family Wealth LLC Makes New $1.56 Million Investment in Costco Wholesale Co. (NASDAQ:COST)

Petros Family Wealth LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,697 shares of the retailer's stock, valued at approximately $1,555,000. Costco Wholesale accounts for 1.7% of Petros Family Wealth LLC's investment portfolio, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. NFP Retirement Inc. increased its stake in Costco Wholesale by 1.1% during the 4th quarter. NFP Retirement Inc. now owns 980 shares of the retailer's stock worth $898,000 after purchasing an additional 11 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Costco Wholesale by 2.0% in the fourth quarter. Sterling Capital Management LLC now owns 24,236 shares of the retailer's stock valued at $22,207,000 after buying an additional 478 shares during the period. Hobbs Wealth Management LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth $233,000. Glass Jacobson Investment Advisors llc lifted its position in Costco Wholesale by 73.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 846 shares of the retailer's stock valued at $775,000 after acquiring an additional 359 shares in the last quarter. Finally, Heritage Trust Co acquired a new position in Costco Wholesale in the 4th quarter worth $1,280,000. 68.48% of the stock is owned by institutional investors.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the business's 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 transaction, the executive vice president now owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares in the company, valued at $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. In the last 90 days, insiders sold 5,600 shares of company stock valued at $5,215,915. Company insiders own 0.18% of the company's stock.

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Costco Wholesale Price Performance

Shares of NASDAQ COST traded up $15.91 during midday trading on Monday, reaching $979.32. The company's stock had a trading volume of 2,218,559 shares, compared to its average volume of 2,006,426. 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 company has a market cap of $434.51 billion, a P/E ratio of 57.51, a P/E/G ratio of 6.15 and a beta of 0.95. The business's 50 day moving average price is $982.89 and its two-hundred day moving average price is $949.81. Costco Wholesale Co. has a fifty-two week low of $702.00 and a fifty-two week high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share 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%. On average, analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, February 7th. Costco Wholesale's payout ratio is presently 27.09%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. DA Davidson boosted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Robert W. Baird upped their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. 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 report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. 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 investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.