Seneschal Advisors LLC Acquires Shares of 3,259 Costco Wholesale Co. (NASDAQ:COST)

Seneschal Advisors LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,259 shares of the retailer's stock, valued at approximately $2,987,000. Costco Wholesale accounts for 2.5% of Seneschal Advisors LLC's holdings, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of COST. Morse Asset Management Inc increased its position in shares of Costco Wholesale by 20.1% in the third quarter. Morse Asset Management Inc now owns 7,481 shares of the retailer's stock valued at $6,632,000 after acquiring an additional 1,254 shares during the period. Anchor Investment Management LLC increased its holdings in Costco Wholesale by 2.0% during the 3rd quarter. Anchor Investment Management LLC now owns 7,996 shares of the retailer's stock valued at $7,088,000 after purchasing an additional 157 shares during the period. Fulcrum Equity Management lifted its holdings in Costco Wholesale by 76.8% in the 3rd quarter. Fulcrum Equity Management now owns 633 shares of the retailer's stock worth $561,000 after buying an additional 275 shares during the period. Eaton Financial Holdings Company LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $216,000. Finally, Sculati Wealth Management LLC increased its stake in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock valued at $3,235,000 after buying an additional 11 shares during the period. Institutional investors own 68.48% of the company's stock.

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Costco Wholesale Stock Performance

Costco Wholesale stock traded down $0.27 during mid-day trading on Tuesday, reaching $979.05. 828,040 shares of the stock traded hands, compared to its average volume of 2,001,869. Costco Wholesale Co. has a 12-month low of $702.00 and a 12-month high of $1,078.24. The business's 50-day moving average is $981.61 and its 200-day moving average is $950.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $434.39 billion, a PE ratio of 57.49, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued 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 business had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, sell-side analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Friday, February 7th. Costco Wholesale's payout ratio is 27.09%.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Mizuho started coverage on shares of Costco Wholesale in a research note on Friday. They set a "neutral" rating and a $975.00 target price on the stock. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Evercore ISI lifted their price objective on 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. Finally, Cowen reissued a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,024.03.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the transaction, the executive vice president now owns 11,165 shares of the company's stock, valued at approximately $10,495,211.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is owned by company insiders.

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.