Tucker Asset Management LLC Buys 47 Shares of Costco Wholesale Co. (NASDAQ:COST)

Tucker Asset Management LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 12.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 417 shares of the retailer’s stock after acquiring an additional 47 shares during the quarter. Tucker Asset Management LLC’s holdings in Costco Wholesale were worth $382,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale during the 4th quarter valued at $8,430,000. GAMMA Investing LLC lifted its holdings in Costco Wholesale by 15.0% during the 4th 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 in the last quarter. Dale Q Rice Investment Management Ltd bought a new position in Costco Wholesale in the 4th quarter valued at $984,000. Stanich Group LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth $214,000. Finally, Everence Capital Management Inc. raised its position in shares of Costco Wholesale by 15.4% in the fourth quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer’s stock worth $10,916,000 after buying an additional 1,590 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares in the company, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at $10,495,211.65. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock worth $5,215,915. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Down 1.0 %

COST stock opened at $929.66 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The business has a 50 day simple moving average of $988.07 and a two-hundred day simple moving average of $946.18. 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 company has a market capitalization of $412.47 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last announced 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 return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid 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 dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio is 27.09%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on COST shares. Sanford C. Bernstein restated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Morgan Stanley boosted their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. lifted their price objective on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Barclays lifted their price target on Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

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.