Blue Chip Partners Inc. lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,395 shares of the retailer’s stock after purchasing an additional 63 shares during the quarter. Blue Chip Partners Inc.’s holdings in Costco Wholesale were worth $526,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC raised its stake in shares of Costco Wholesale by 62.4% during the third quarter. Kingsview Wealth Management LLC now owns 20,081 shares of the retailer’s stock worth $7,129,000 after acquiring an additional 7,713 shares in the last quarter. Vanguard Capital Wealth Advisors purchased a new position in Costco Wholesale in the 4th quarter worth $356,000. Wade G W & Inc. raised its position in Costco Wholesale by 83.5% in the 4th quarter. Wade G W & Inc. now owns 7,641 shares of the retailer’s stock worth $2,879,000 after purchasing an additional 3,478 shares during the period. Private Trust Co. NA lifted its stake in Costco Wholesale by 0.8% in the fourth quarter. Private Trust Co. NA now owns 12,416 shares of the retailer’s stock worth $4,678,000 after purchasing an additional 93 shares during the last quarter. Finally, Rock Creek Group LP boosted its position in Costco Wholesale by 13.0% during the third quarter. Rock Creek Group LP now owns 1,190 shares of the retailer’s stock valued at $422,000 after buying an additional 137 shares during the period. Institutional investors own 67.21% of the company’s stock.
In other Costco Wholesale news, Director Susan L. Decker sold 1,000 shares of Costco Wholesale stock in a transaction on Monday, December 21st. The stock was sold at an average price of $362.59, for a total transaction of $362,590.00. Following the completion of the transaction, the director now owns 21,500 shares in the company, valued at $7,795,685. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Decker sold 694 shares of the business’s stock in a transaction on Wednesday, January 27th. The stock was sold at an average price of $363.35, for a total value of $252,164.90. Following the completion of the sale, the director now directly owns 19,047 shares in the company, valued at $6,920,727.45. The disclosure for this sale can be found here. Insiders sold a total of 21,269 shares of company stock worth $7,878,998 in the last 90 days. 0.22% of the stock is currently owned by company insiders.
COST has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Costco Wholesale from $375.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 4th. Loop Capital boosted their price objective on Costco Wholesale from $415.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, December 3rd. They noted that the move was a valuation call. Raymond James lifted their target price on shares of Costco Wholesale from $365.00 to $405.00 and gave the stock an “outperform” rating in a research note on Friday, November 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Costco Wholesale from $344.00 to $347.00 and gave the company a “hold” rating in a report on Thursday, January 7th. Finally, Royal Bank of Canada raised their price target on shares of Costco Wholesale from $412.00 to $419.00 in a report on Thursday, November 5th. Eleven analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $386.08.
NASDAQ:COST opened at $352.75 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.53. The firm’s 50-day moving average price is $363.33 and its 200-day moving average price is $360.60. The company has a market capitalization of $156.25 billion, a PE ratio of 36.22, a P/E/G ratio of 4.17 and a beta of 0.66. Costco Wholesale Co. has a 1-year low of $271.28 and a 1-year high of $393.15.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, December 9th. The retailer reported $2.29 EPS for the quarter, topping the consensus estimate of $2.05 by $0.24. The business had revenue of $43.21 billion for the quarter, compared to analyst estimates of $42.26 billion. Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. Costco Wholesale’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Equities analysts anticipate that Costco Wholesale Co. will post 9.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 19th. Stockholders of record on Friday, February 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.79%. Costco Wholesale’s dividend payout ratio is currently 31.64%.
Costco Wholesale Profile
Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.
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