Stonegate Investment Group LLC Purchases 770 Shares of Costco Wholesale Co. (NASDAQ:COST)

Stonegate Investment Group LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,894 shares of the retailer’s stock after acquiring an additional 770 shares during the quarter. Costco Wholesale accounts for about 1.8% of Stonegate Investment Group LLC’s investment portfolio, making the stock its 19th largest holding. Stonegate Investment Group LLC’s holdings in Costco Wholesale were worth $55,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of COST. Moneta Group Investment Advisors LLC boosted its holdings in Costco Wholesale by 118,320.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after acquiring an additional 7,390,278 shares during the period. Norges Bank purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $2,328,844,000. Morgan Stanley lifted its holdings in Costco Wholesale by 18.0% in the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after buying an additional 1,315,174 shares during the period. Barclays PLC lifted its holdings in Costco Wholesale by 172.6% in the 2nd quarter. Barclays PLC now owns 1,357,548 shares of the retailer’s stock worth $730,877,000 after buying an additional 859,599 shares during the period. Finally, C WorldWide Group Holding A S purchased a new stake in Costco Wholesale in the 3rd quarter worth approximately $390,630,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In related news, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the transaction, the director now directly owns 12,395 shares in the company, valued at $8,967,534.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director W Craig Jelinek sold 8,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the transaction, the director now directly owns 216,212 shares in the company, valued at $148,306,297.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares in the company, valued at $8,967,534.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,582 shares of company stock worth $10,736,778. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Tigress Financial increased their price objective on Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Raymond James increased their target price on Costco Wholesale from $580.00 to $670.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Truist Financial increased their target price on Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, DA Davidson increased their target price on Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $668.50.

Check Out Our Latest Report on COST

Costco Wholesale Stock Performance

Shares of COST stock traded down $9.94 on Tuesday, reaching $711.30. The stock had a trading volume of 2,323,674 shares, compared to its average volume of 2,153,023. The stock has a market cap of $315.46 billion, a P/E ratio of 46.52, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The company has a 50 day simple moving average of $726.52 and a 200 day simple moving average of $646.75.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The firm had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $3.30 EPS. Equities research analysts expect that Costco Wholesale Co. will post 15.81 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 annualized dividend and a yield of 0.57%. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

About Costco Wholesale

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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