RFG Bristol Wealth Advisors LLC Purchases New Shares in Costco Wholesale Co. (NASDAQ:COST)

RFG Bristol Wealth Advisors LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 714 shares of the retailer's stock, valued at approximately $654,000.

A number of other large investors have also added to or reduced their stakes in COST. Norges Bank purchased a new position in Costco Wholesale in the fourth quarter worth about $5,182,316,000. Proficio Capital Partners LLC boosted its holdings in shares of Costco Wholesale by 74,796.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer's stock worth $1,394,465,000 after purchasing an additional 1,519,861 shares during the period. Strategic Financial Concepts LLC increased its position in shares of Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer's stock valued at $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Vanguard Group Inc. raised its holdings in Costco Wholesale by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock valued at $38,668,069,000 after buying an additional 455,043 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer's stock worth $979,284,000 after buying an additional 382,367 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on COST shares. Barclays boosted their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. increased their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Raymond James lifted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Finally, Evercore ISI increased their price target on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Nine 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 an average price target of $1,029.00.

Insider Activity

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 41,077 shares of the company's stock, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,600 shares of company stock valued at $5,215,915 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

NASDAQ COST traded down $50.60 during trading hours on Friday, reaching $916.48. The stock had a trading volume of 5,160,400 shares, compared to its average volume of 1,957,899. Costco Wholesale Co. has a 52-week low of $702.00 and a 52-week high of $1,078.24. The stock has a fifty day moving average of $988.70 and a 200 day moving average of $948.02. 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 stock has a market cap of $406.63 billion, a P/E ratio of 53.82, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released 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). 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 analysts' expectations of $63.02 billion. Sell-side analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale's payout ratio is currently 27.09%.

Costco Wholesale Company 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.