Costco Wholesale Co. (NASDAQ:COST) is Independent Solutions Wealth Management LLC’s Largest Position

Independent Solutions Wealth Management LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,677 shares of the retailer’s stock after selling 140 shares during the period. Costco Wholesale accounts for 4.1% of Independent Solutions Wealth Management LLC’s portfolio, making the stock its biggest position. Independent Solutions Wealth Management LLC’s holdings in Costco Wholesale were worth $18,945,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. Nwam LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new stake in Costco Wholesale in the fourth quarter worth $8,430,000. GAMMA Investing LLC grew its stake in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares during the period. Finally, Dale Q Rice Investment Management Ltd bought a new position in Costco Wholesale in the fourth quarter worth $984,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on shares of 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. Loop Capital decreased their target price on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Nine 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,029.00.

Insider Buying and Selling

In other Costco Wholesale 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 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 $38,242,687. This trade represents a 8.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Down 1.0 %

NASDAQ COST opened at $895.40 on Friday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $397.47 billion, a P/E ratio of 52.58, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The stock’s 50-day moving average price is $988.11 and its 200-day moving average price is $944.49.

Costco Wholesale (NASDAQ:COST) last released 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). The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, equities research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

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.