Valtinson Bruner Financial Planning LLC Has $581,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Valtinson Bruner Financial Planning LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634 shares of the retailer’s stock after selling 150 shares during the quarter. Valtinson Bruner Financial Planning LLC’s holdings in Costco Wholesale were worth $581,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale in the 4th quarter valued at $31,000. NewSquare Capital LLC increased its stake in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the 4th quarter valued at $33,000. Finally, Collier Financial bought a new position in shares of Costco Wholesale in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.5 %

Shares of NASDAQ:COST opened at $903.92 on Friday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The company has a market capitalization of $401.25 billion, a price-to-earnings ratio of 53.08, a P/E/G ratio of 6.15 and a beta of 0.81. The business’s 50-day moving average is $989.80 and its 200-day moving average is $944.22. 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) last issued its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Equities research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is 27.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on COST shares. Truist Financial raised 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. Robert W. Baird raised their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. DA Davidson raised their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Evercore ISI raised their price objective on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,030.43.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the business’s 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. The trade was a 8.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate 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.