Creekmur Asset Management LLC Purchases 246 Shares of Costco Wholesale Co. (NASDAQ:COST)

Creekmur Asset Management LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 13.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,084 shares of the retailer’s stock after buying an additional 246 shares during the period. Costco Wholesale makes up 0.4% of Creekmur Asset Management LLC’s portfolio, making the stock its 27th largest holding. Creekmur Asset Management LLC’s holdings in Costco Wholesale were worth $1,909,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC grew its holdings in shares of Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after purchasing an additional 10 shares during the last quarter. 44 Wealth Management LLC grew its holdings in Costco Wholesale by 0.3% in the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares during the period. SRN Advisors LLC raised its position in shares of Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after purchasing an additional 10 shares during the period. Miramar Capital LLC boosted its stake in Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after purchasing an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC boosted its holdings in Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $954.40 on Wednesday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The firm has a market capitalization of $423.45 billion, a price-to-earnings ratio of 56.04, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The business has a 50 day simple moving average of $988.26 and a 200 day simple moving average of $947.35. 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 (NASDAQ:COST) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (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 firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. On average, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Analyst Ratings Changes

COST has been the subject of several recent research reports. Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Robert W. Baird upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Evercore ISI upped their price target on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,029.00.

Insiders Place Their Bets

In related news, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the transaction, the executive vice president now directly owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 5,600 shares of company stock worth $5,215,915. 0.18% of the stock is currently owned by company 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.