Peachtree Investment Partners LLC Has $13.24 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Peachtree Investment Partners LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,449 shares of the retailer’s stock after selling 507 shares during the period. Costco Wholesale comprises about 5.0% of Peachtree Investment Partners LLC’s investment portfolio, making the stock its 7th largest position. Peachtree Investment Partners LLC’s holdings in Costco Wholesale were worth $13,240,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. United Bank grew its stake in Costco Wholesale by 7.5% during the third quarter. United Bank now owns 5,962 shares of the retailer’s stock worth $5,285,000 after buying an additional 416 shares during the last quarter. XTX Topco Ltd bought a new stake in Costco Wholesale during the 3rd quarter worth approximately $945,000. Glass Jacobson Investment Advisors llc increased its holdings in Costco Wholesale by 69.1% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 487 shares of the retailer’s stock valued at $432,000 after purchasing an additional 199 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Costco Wholesale in the 3rd quarter valued at $3,522,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Costco Wholesale by 11.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 205,057 shares of the retailer’s stock worth $181,787,000 after purchasing an additional 20,435 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COST shares. Truist Financial lifted their price target on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a 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 on the stock in a research note on Friday, March 7th. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, DA Davidson boosted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,029.00.

Costco Wholesale Stock Performance

NASDAQ COST opened at $908.13 on Tuesday. The firm has a 50-day moving average price of $987.56 and a two-hundred day moving average price of $948.47. Costco Wholesale Co. has a 12-month low of $702.00 and a 12-month high of $1,078.24. The company has a market capitalization of $402.92 billion, a P/E ratio of 53.33, a P/E/G ratio of 6.15 and a beta of 0.95. 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 (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The company had revenue of $63.72 billion for the quarter, compared to analyst estimates 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 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 yield of 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

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.