Assetmark Inc. Purchases 5,081 Shares of Costco Wholesale Co. (NASDAQ:COST)

Assetmark Inc. lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,585 shares of the retailer’s stock after purchasing an additional 5,081 shares during the quarter. Assetmark Inc.’s holdings in Costco Wholesale were worth $10,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Costco Wholesale by 1.3% during the third quarter. Vanguard Group Inc. now owns 39,030,429 shares of the retailer’s stock valued at $18,432,900,000 after buying an additional 491,837 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Costco Wholesale by 53,375.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,829,924 shares of the retailer’s stock worth $11,286,000 after purchasing an additional 3,822,762 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Costco Wholesale by 0.9% in the fourth quarter. Fisher Asset Management LLC now owns 2,570,753 shares of the retailer’s stock worth $1,173,549,000 after purchasing an additional 21,739 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Costco Wholesale by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,376,250 shares of the retailer’s stock worth $1,368,364,000 after purchasing an additional 64,692 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Costco Wholesale by 3.7% during the third quarter. Price T Rowe Associates Inc. MD now owns 2,160,884 shares of the retailer’s stock valued at $1,020,793,000 after acquiring an additional 77,792 shares during the last quarter. 66.03% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.8 %

NASDAQ:COST opened at $486.55 on Friday. Costco Wholesale Co. has a twelve month low of $443.20 and a twelve month high of $564.75. The company has a market cap of $215.78 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 4.01 and a beta of 0.79. The stock has a fifty day simple moving average of $495.03 and a 200-day simple moving average of $492.78. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29.

Costco Wholesale (NASDAQ:COST – Get Rating) last released its quarterly earnings data on Thursday, May 25th. The retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.11. The firm had revenue of $53.65 billion during the quarter, compared to the consensus estimate of $54.58 billion. Costco Wholesale had a return on equity of 28.66% and a net margin of 2.58%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.17 earnings per share. Analysts anticipate that Costco Wholesale Co. will post 14.35 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 4th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.90. Costco Wholesale’s payout ratio is 29.98%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Caton Frates sold 600 shares of Costco Wholesale stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $497.35, for a total value of $298,410.00. Following the transaction, the executive vice president now owns 4,320 shares in the company, valued at $2,148,552. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Caton Frates sold 600 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $497.35, for a total transaction of $298,410.00. Following the sale, the executive vice president now owns 4,320 shares in the company, valued at $2,148,552. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Russell D. Miller sold 1,500 shares of the business’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $488.95, for a total value of $733,425.00. Following the sale, the executive vice president now owns 10,093 shares in the company, valued at approximately $4,934,972.35. The disclosure for this sale can be found here. Insiders have sold 4,168 shares of company stock worth $2,031,341 over the last quarter. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Costco Wholesale from $525.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, March 3rd. Oppenheimer reiterated an “outperform” rating and issued a $550.00 price objective on shares of Costco Wholesale in a research note on Thursday, April 6th. Truist Financial lowered their price objective on shares of Costco Wholesale from $571.00 to $568.00 in a research note on Thursday, May 4th. Loop Capital lowered their price objective on shares of Costco Wholesale from $550.00 to $545.00 in a research note on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $540.00 target price on shares of Costco Wholesale in a report on Thursday, April 6th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $547.72.

Costco Wholesale Company Profile

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Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.