Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,334 shares of the retailer’s stock after buying an additional 33 shares during the period. Resurgent Financial Advisors LLC’s holdings in Costco Wholesale were worth $1,222,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc raised its position in Costco Wholesale by 20.1% in the third quarter. Morse Asset Management Inc now owns 7,481 shares of the retailer’s stock valued at $6,632,000 after purchasing an additional 1,254 shares during the period. Anchor Investment Management LLC lifted its position in Costco Wholesale by 2.0% during the 3rd quarter. Anchor Investment Management LLC now owns 7,996 shares of the retailer’s stock worth $7,088,000 after acquiring an additional 157 shares in the last quarter. Fulcrum Equity Management boosted its holdings in Costco Wholesale by 76.8% in the 3rd quarter. Fulcrum Equity Management now owns 633 shares of the retailer’s stock worth $561,000 after acquiring an additional 275 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in Costco Wholesale in the third quarter valued at approximately $216,000. Finally, Sculati Wealth Management LLC raised its stake in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 900 shares of Costco Wholesale 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 transaction, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. The trade was a 11.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 value 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 $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. 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 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on COST shares. Robert W. Baird raised their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Citigroup lifted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Stifel Nicolaus reduced their price target on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, April 10th. Finally, Evercore ISI upped their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,024.03.

Costco Wholesale Stock Down 0.2 %

Shares of Costco Wholesale stock opened at $976.92 on Wednesday. Costco Wholesale Co. has a 1-year low of $702.00 and a 1-year high of $1,078.24. The company has a market capitalization of $433.44 billion, a P/E ratio of 57.36, a PEG ratio of 6.15 and a beta of 0.95. The business’s fifty day moving average price is $980.13 and its two-hundred day moving average price is $950.65. 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 (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The company had revenue of $63.72 billion during 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%. As a group, research analysts forecast that Costco Wholesale Co. will post 18.03 EPS 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 dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio is presently 27.09%.

About Costco Wholesale

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.