Tandem Wealth Advisors LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Tandem Wealth Advisors LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 912 shares of the retailer’s stock after buying an additional 28 shares during the quarter. Costco Wholesale comprises approximately 0.4% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Tandem Wealth Advisors LLC’s holdings in Costco Wholesale were worth $836,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $31,000. NewSquare Capital LLC raised its stake in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth approximately $33,000. Collier Financial acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $35,000. Finally, Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on COST. Stifel Nicolaus cut their target price on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Cfra Research upgraded Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Evercore ISI increased their target price on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,025.79.

Costco Wholesale Trading Down 0.1 %

NASDAQ COST opened at $964.31 on Friday. The company has a market capitalization of $427.85 billion, a price-to-earnings ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $702.00 and a 12 month high of $1,078.24. The company’s fifty day moving average price is $984.05 and its two-hundred day moving average price is $949.09.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is 27.09%.

Insider Activity

In other news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the transaction, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the business’s 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 sale, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,600 shares of company stock worth $5,215,915. 0.18% of the stock is currently owned by insiders.

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.