Sagespring Wealth Partners LLC Buys Shares of 6,141 Costco Wholesale Co. (NASDAQ:COST)

Sagespring Wealth Partners LLC acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,141 shares of the retailer's stock, valued at approximately $5,627,000.

A number of other institutional investors have also bought and sold shares of COST. Vanguard Group Inc. boosted its stake in Costco Wholesale by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock worth $38,668,069,000 after buying an additional 455,043 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock worth $8,901,249,000 after acquiring an additional 252,118 shares during the period. FMR LLC boosted its position in shares of Costco Wholesale by 1.6% during the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer's stock valued at $8,665,921,000 after acquiring an additional 149,209 shares during the last quarter. Norges Bank purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $5,182,316,000. Finally, Invesco Ltd. increased its position in Costco Wholesale by 1.2% during the fourth quarter. Invesco Ltd. now owns 3,715,685 shares of the retailer's stock worth $3,404,571,000 after purchasing an additional 43,266 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on COST. Barclays boosted their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Truist Financial upped their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a report on Friday, March 7th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday. Finally, Robert W. Baird raised their price objective 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. Ten equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,024.03.

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Insider Activity at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares of the company's stock, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,600 shares of company stock worth $5,215,915 in the last 90 days. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Up 1.7 %

Shares of NASDAQ COST traded up $15.91 during mid-day trading on Monday, reaching $979.32. The company had a trading volume of 2,218,559 shares, compared to its average volume of 2,006,427. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52-week low of $702.00 and a 52-week high of $1,078.24. The stock has a market cap of $434.51 billion, a P/E ratio of 57.51, a PEG ratio of 6.15 and a beta of 0.95. The firm has a 50 day simple moving average of $981.61 and a two-hundred day simple moving average of $950.46.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The firm 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%. Sell-side analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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