Rothschild Capital Partners LLC Invests $504,000 in Costco Wholesale Co. (NASDAQ:COST)

Rothschild Capital Partners LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 550 shares of the retailer's stock, valued at approximately $504,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC grew its stake in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock worth $1,048,000 after purchasing an additional 10 shares during the last quarter. 44 Wealth Management LLC lifted its holdings in Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after buying an additional 10 shares during the period. SRN Advisors LLC grew its position in shares of Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock valued at $2,823,000 after buying an additional 10 shares during the last quarter. Miramar Capital LLC grew its position in shares of Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after buying an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC increased its stake in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after buying an additional 10 shares during the period. 68.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP James C. Klauer sold 4,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the sale, the executive vice president now owns 43,994 shares of the company's stock, valued at approximately $43,161,193.58. This represents a 8.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 9,600 shares of company stock worth $9,140,195 over the last 90 days. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Stock Performance

COST traded up $1.68 during trading hours on Friday, hitting $977.16. The stock had a trading volume of 1,779,952 shares, compared to its average volume of 2,034,528. Costco Wholesale Co. has a 1 year low of $715.32 and a 1 year high of $1,078.24. The company's fifty day simple moving average is $966.46 and its 200 day simple moving average is $955.84. The stock has a market cap of $433.55 billion, a PE ratio of 57.38, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results 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 business had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Equities analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a dividend of $1.30 per share. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.53%. Costco Wholesale's payout ratio is presently 30.36%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Cowen reiterated a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Barclays increased their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Truist Financial boosted their target price 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. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.