TRUE Private Wealth Advisors Has $5.29 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

TRUE Private Wealth Advisors grew its position in Costco Wholesale Co. (NASDAQ:COST) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,007 shares of the retailer’s stock after purchasing an additional 276 shares during the quarter. Costco Wholesale comprises approximately 0.7% of TRUE Private Wealth Advisors’ investment portfolio, making the stock its 28th biggest position. TRUE Private Wealth Advisors’ holdings in Costco Wholesale were worth $5,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. Richelieu Gestion SA bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $25,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $26,000. Morton Brown Family Wealth LLC boosted its stake in shares of Costco Wholesale by 200.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after buying an additional 30 shares during the period. Steph & Co. boosted its stake in shares of Costco Wholesale by 42.3% in the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after buying an additional 22 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the transaction, the vice president now owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Yoram Rubanenko sold 2,500 shares of the firm’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 transaction of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares in the company, valued at approximately $4,020,750.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,442 shares of company stock valued at $9,303,768. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COST. Telsey Advisory Group reiterated an “outperform” rating and issued a $800.00 price target on shares of Costco Wholesale in a research note on Thursday, April 11th. Tigress Financial upped their target price on Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Gordon Haskett cut Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a research note on Wednesday, April 3rd. DA Davidson restated a “neutral” rating and set a $680.00 target price on shares of Costco Wholesale in a research note on Thursday, April 11th. Finally, Wells Fargo & Company upped their target price on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $691.28.

Costco Wholesale Stock Down 0.2 %

Shares of COST stock traded down $1.12 on Wednesday, reaching $714.85. 347,145 shares of the company were exchanged, compared to its average volume of 2,087,159. The company has a market cap of $317.04 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 4.78 and a beta of 0.77. The company has a 50-day moving average of $730.92 and a 200-day moving average of $658.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a $1.16 dividend. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date is Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.65%. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

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.