One Charles Private Wealth Services LLC Has $884,000 Position in Costco Wholesale Co. (NASDAQ:COST)

One Charles Private Wealth Services LLC trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 964 shares of the retailer’s stock after selling 53 shares during the quarter. One Charles Private Wealth Services LLC’s holdings in Costco Wholesale were worth $884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Swedbank AB boosted its position in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the period. United Bank raised its stake in shares of Costco Wholesale by 7.5% during the third quarter. United Bank now owns 5,962 shares of the retailer’s stock valued at $5,285,000 after acquiring an additional 416 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Costco Wholesale in the third quarter worth $195,000. Portfolio Design Labs LLC increased its holdings in Costco Wholesale by 95.0% in the third quarter. Portfolio Design Labs LLC now owns 468 shares of the retailer’s stock valued at $415,000 after purchasing an additional 228 shares during the period. Finally, Cornerstone Advisors LLC raised its position in Costco Wholesale by 1.4% during the 3rd quarter. Cornerstone Advisors LLC now owns 29,200 shares of the retailer’s stock worth $25,886,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the sale, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COST. Truist Financial upped their target price on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Loop Capital decreased their price target on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday, March 7th. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Cowen reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $895.40 on Friday. The firm has a market cap of $397.47 billion, a price-to-earnings ratio of 52.58, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The stock has a fifty day simple moving average of $988.11 and a two-hundred day simple moving average of $944.49. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.09%.

About Costco Wholesale

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.