Tumwater Wealth Management LLC Invests $475,000 in Costco Wholesale Co. (NASDAQ:COST)

Tumwater Wealth Management LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 518 shares of the retailer’s stock, valued at approximately $475,000. Costco Wholesale makes up 0.2% of Tumwater Wealth Management LLC’s portfolio, making the stock its 18th largest holding.

Several other large investors also recently made changes to their positions in COST. Swedbank AB grew its holdings in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after purchasing an additional 6,495 shares in the last quarter. United Bank grew its holdings in Costco Wholesale by 7.5% during the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock valued at $5,285,000 after purchasing an additional 416 shares in the last quarter. Curi RMB Capital LLC grew its holdings in Costco Wholesale by 47.9% during the 3rd quarter. Curi RMB Capital LLC now owns 2,721 shares of the retailer’s stock valued at $2,412,000 after purchasing an additional 881 shares in the last quarter. Valley Wealth Managers Inc. grew its holdings in Costco Wholesale by 2.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,132 shares of the retailer’s stock valued at $1,004,000 after purchasing an additional 25 shares in the last quarter. Finally, Coastline Trust Co grew its holdings in Costco Wholesale by 3.7% during the 3rd quarter. Coastline Trust Co now owns 9,022 shares of the retailer’s stock valued at $7,998,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $903.92 on Friday. The firm’s 50 day moving average is $989.80 and its 200-day moving average is $944.47. The stock has a market capitalization of $401.25 billion, a P/E ratio of 53.08, a P/E/G ratio of 6.15 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last announced 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 analyst estimates of $63.02 billion. Equities research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 payout ratio is 27.09%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Evercore ISI increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Oppenheimer reiterated 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. Loop Capital reduced their price objective on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,030.43.

Insider Buying and Selling

In related news, CEO Roland Michael Vachris sold 3,600 shares of the firm’s 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 in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.