Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by PDS Planning Inc

PDS Planning Inc increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the 4th quarter, Holdings Channel reports. The fund owned 2,644 shares of the retailer’s stock after purchasing an additional 36 shares during the quarter. PDS Planning Inc’s holdings in Costco Wholesale were worth $2,422,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Cromwell Holdings LLC raised its holdings 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 last quarter. 44 Wealth Management LLC raised its holdings in Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after acquiring an additional 10 shares during the last quarter. SRN Advisors LLC raised its holdings in Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after acquiring an additional 10 shares during the last quarter. Miramar Capital LLC raised its holdings in Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after acquiring an additional 10 shares during the last quarter. Finally, Sculati Wealth Management LLC raised its holdings in Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

NASDAQ COST opened at $916.61 on Tuesday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $406.88 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The company has a 50-day moving average price of $989.68 and a two-hundred day moving average price of $945.08.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, Truist Financial boosted their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,030.43.

Insider Activity

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.