Acorns Advisers LLC Acquires 98 Shares of Costco Wholesale Co. (NASDAQ:COST)

Acorns Advisers LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,075 shares of the retailer’s stock after purchasing an additional 98 shares during the quarter. Acorns Advisers LLC’s holdings in Costco Wholesale were worth $985,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale 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 directly owns 41,077 shares of the company’s stock, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 directly owns 6,987 shares in the company, valued at $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. In the last quarter, insiders sold 5,600 shares of company stock worth $5,215,915. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

Shares of NASDAQ:COST opened at $976.92 on Wednesday. The business has a 50-day moving average price of $980.13 and a 200-day moving average price of $950.65. The stock has a market cap of $433.44 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a 52-week low of $702.00 and a 52-week high of $1,078.24. 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 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 business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Equities analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.47%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Mizuho began coverage on shares of Costco Wholesale in a research report on Friday, April 11th. They issued a “neutral” rating and a $975.00 price target on the stock. DA Davidson lifted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Evercore ISI lifted their price target on 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. Ten equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,024.03.

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.