Crux Wealth Advisors Invests $239,000 in Costco Wholesale Co. (NASDAQ:COST)

Crux Wealth Advisors bought a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 261 shares of the retailer’s stock, valued at approximately $239,000.

Other hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc increased its position in shares of Costco Wholesale by 20.1% during the 3rd quarter. Morse Asset Management Inc now owns 7,481 shares of the retailer’s stock worth $6,632,000 after purchasing an additional 1,254 shares during the last quarter. Anchor Investment Management LLC increased its holdings in Costco Wholesale by 2.0% during the third quarter. Anchor Investment Management LLC now owns 7,996 shares of the retailer’s stock worth $7,088,000 after buying an additional 157 shares during the last quarter. Fulcrum Equity Management raised its position in Costco Wholesale by 76.8% during the third quarter. Fulcrum Equity Management now owns 633 shares of the retailer’s stock worth $561,000 after acquiring an additional 275 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new stake in Costco Wholesale in the third quarter valued at $216,000. Finally, Sculati Wealth Management LLC grew its position in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares during the period. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday. Evercore ISI lifted their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Stifel Nicolaus dropped their price target on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,024.03.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $6,445,926.72. This represents a 11.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale 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 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 disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock valued at $5,215,915 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $963.41 on Friday. The stock has a market cap of $427.45 billion, a PE ratio of 56.57, 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 Co. has a 12-month low of $702.00 and a 12-month high of $1,078.24. The business’s 50-day moving average price is $982.89 and its two-hundred day moving average price is $949.47.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (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 net margin of 2.93% and a return on equity of 32.31%. As a group, analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

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.