Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,106 shares of the retailer’s stock after purchasing an additional 569 shares during the period. Procyon Advisors LLC’s holdings in Costco Wholesale were worth $5,351,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of Costco Wholesale by 1.8% in the second 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 last quarter. Morgan Stanley increased its position in Costco Wholesale by 18.0% during the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after purchasing an additional 1,315,174 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in 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 worth $3,376,513,000 after purchasing an additional 7,390,278 shares in the last quarter. Northern Trust Corp increased its position in Costco Wholesale by 4.3% during the 3rd quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock worth $2,901,040,000 after purchasing an additional 210,586 shares in the last quarter. Finally, Norges Bank purchased a new stake in Costco Wholesale during the 4th quarter worth about $2,328,844,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the sale, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the sale, the director now directly owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,400 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total value of $927,220.00. Following the completion of the transaction, the insider now directly owns 13,922 shares in the company, valued at approximately $9,220,540.60. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock worth $10,736,778 in the last 90 days. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

Shares of NASDAQ COST traded down $0.92 during trading on Thursday, hitting $731.16. The company had a trading volume of 167,639 shares, compared to its average volume of 2,133,034. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. The business’s 50-day moving average is $723.33 and its 200 day moving average is $641.98. The company has a market cap of $324.27 billion, a P/E ratio of 47.82, a PEG ratio of 5.07 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The firm had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.30 earnings per share. Equities research analysts predict that Costco Wholesale Co. will post 15.78 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Thursday, February 1st. Costco Wholesale’s payout ratio is 26.68%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COST. Tigress Financial boosted their price target on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a report on Friday, March 15th. Truist Financial increased their price objective on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Telsey Advisory Group lifted their target price on Costco Wholesale from $750.00 to $785.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Evercore ISI boosted their price objective on shares of Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $668.50.

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.