Strategies Wealth Advisors LLC Takes $1.12 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Strategies Wealth Advisors LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,218 shares of the retailer's stock, valued at approximately $1,116,000.

Other hedge funds have also made changes to their positions in the company. Cromwell Holdings LLC raised its stake in Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock valued at $1,048,000 after acquiring an additional 10 shares during the period. 44 Wealth Management LLC increased its stake in shares of Costco Wholesale by 0.3% in the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after purchasing an additional 10 shares in the last quarter. SRN Advisors LLC raised its position in shares of Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock valued at $2,823,000 after purchasing an additional 10 shares during the period. Miramar Capital LLC lifted its stake in shares of Costco Wholesale by 1.9% during 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 in the last quarter. Finally, Clear Investment Research LLC boosted its holdings in Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COST shares. DA Davidson boosted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Evercore ISI upped their price target 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. Sanford C. Bernstein restated an "outperform" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Robert W. Baird upped their target price on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Finally, Stifel Nicolaus cut their price target on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of "Moderate Buy" and an average target price of $1,024.03.

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Costco Wholesale Stock Up 1.7 %

Costco Wholesale stock traded up $15.91 during trading hours on Monday, reaching $979.32. The stock had a trading volume of 2,218,559 shares, compared to its average volume of 2,006,427. The company has a market cap of $434.51 billion, a price-to-earnings ratio of 57.51, a PEG ratio of 6.15 and a beta of 0.95. The business's 50 day moving average price is $981.61 and its 200-day moving average price is $950.46. Costco Wholesale Co. has a 52 week low of $702.00 and a 52 week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared 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 of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale's payout ratio is presently 27.09%.

Insider Activity

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. This represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock valued at $5,215,915. Company insiders own 0.18% of the company's stock.

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.