Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,193 shares of the retailer’s stock after acquiring an additional 40 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Costco Wholesale were worth $2,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $29,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC boosted its holdings in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at about $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research reports. Truist Financial upped their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Citigroup upped their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, March 3rd. Finally, Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $3,351,600.00. Following 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 disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $930.26 on Wednesday. The firm has a market capitalization of $412.74 billion, a PE ratio of 54.62, a P/E/G ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month 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. The business has a 50-day moving average of $987.84 and a two-hundred day moving average of $946.11.

Costco Wholesale (NASDAQ:COST) last posted its quarterly 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 net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. As a group, research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

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.