Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Washburn Capital Management Inc.

Washburn Capital Management Inc. boosted its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 17.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,841 shares of the retailer’s stock after acquiring an additional 425 shares during the quarter. Costco Wholesale accounts for 1.4% of Washburn Capital Management Inc.’s portfolio, making the stock its 12th largest position. Washburn Capital Management Inc.’s holdings in Costco Wholesale were worth $1,875,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Costco Wholesale by 1.8% during the 2nd quarter. State Street Corp now owns 19,108,655 shares of the retailer’s stock valued at $10,287,718,000 after purchasing an additional 333,308 shares during the period. Morgan Stanley increased its position in shares of Costco Wholesale by 18.0% during the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after purchasing an additional 1,315,174 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Costco Wholesale by 118,320.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after purchasing an additional 7,390,278 shares during the period. Northern Trust Corp increased its position in shares of Costco Wholesale by 4.3% during the 3rd quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock valued at $2,901,040,000 after purchasing an additional 210,586 shares during the period. Finally, Norges Bank bought a new stake in shares of Costco Wholesale during the 4th quarter worth $2,328,844,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COST shares. Truist Financial raised their price objective on Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Evercore ISI raised their price objective on Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Stifel Nicolaus raised their price objective on Costco Wholesale from $615.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. UBS Group raised their price objective on Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Loop Capital raised their target price on Costco Wholesale from $710.00 to $755.00 in a research report on Friday, January 19th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $672.76.

View Our Latest Stock Report on Costco Wholesale

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the sale, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the sale, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares in the company, valued at $4,020,750.30. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock valued at $10,736,778 over the last three months. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Performance

COST stock traded down $5.64 during trading on Wednesday, reaching $705.66. 2,100,670 shares of the stock were exchanged, compared to its average volume of 2,151,246. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08. The company has a market capitalization of $312.96 billion, a P/E ratio of 45.98, a price-to-earnings-growth ratio of 4.99 and a beta of 0.77. The stock has a 50 day simple moving average of $727.00 and a 200-day simple moving average of $647.84. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same period last year, the business earned $3.30 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 15.81 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 16th. Investors of record on Friday, February 2nd were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

About Costco Wholesale

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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