TD Private Client Wealth LLC Increases Stake in Costco Wholesale Co. (NASDAQ:COST)

TD Private Client Wealth LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,805 shares of the retailer’s stock after buying an additional 57 shares during the period. TD Private Client Wealth LLC’s holdings in Costco Wholesale were worth $2,570,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. increased its stake in Costco Wholesale by 40.9% during the 4th quarter. Lee Danner & Bass Inc. now owns 2,518 shares of the retailer’s stock worth $2,307,000 after buying an additional 731 shares during the period. Vickerman Investment Advisors Inc. increased its position in shares of Costco Wholesale by 7.3% in the 4th quarter. Vickerman Investment Advisors Inc. now owns 4,460 shares of the retailer’s stock valued at $4,086,000 after purchasing an additional 305 shares during the last quarter. Antonelli Financial Advisors LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $987,000. Ballast Advisors LLC increased its position in shares of Costco Wholesale by 5.1% in the 4th quarter. Ballast Advisors LLC now owns 2,218 shares of the retailer’s stock valued at $2,032,000 after purchasing an additional 108 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Costco Wholesale by 1.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 32,134 shares of the retailer’s stock valued at $29,443,000 after purchasing an additional 478 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.5 %

Shares of NASDAQ:COST opened at $909.26 on Friday. The company has a market cap of $403.62 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 6.15 and a beta of 0.82. The firm’s 50-day simple moving average is $987.55 and its 200-day simple moving average is $944.60. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 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 company had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. As a group, equities research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

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.