Centurion Wealth Management LLC Acquires 36 Shares of Costco Wholesale Co. (NASDAQ:COST)

Centurion Wealth Management LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,766 shares of the retailer’s stock after purchasing an additional 36 shares during the period. Centurion Wealth Management LLC’s holdings in Costco Wholesale were worth $1,618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tumwater Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $475,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of Costco Wholesale by 3.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 32,869 shares of the retailer’s stock valued at $30,117,000 after purchasing an additional 1,207 shares in the last quarter. Ascent Capital Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $912,000. Pollock Investment Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $1,457,000. Finally, Tidemark LLC boosted its position in shares of Costco Wholesale by 17.0% during the 4th quarter. Tidemark LLC now owns 371 shares of the retailer’s stock valued at $340,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This represents a 8.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COST. Truist Financial upped their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research note on Friday, March 7th. UBS Group upped their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus upped their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Citigroup upped their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,030.43.

Costco Wholesale Trading Up 1.5 %

Shares of COST opened at $903.92 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The stock has a market cap of $401.25 billion, a PE ratio of 53.08, a P/E/G ratio of 6.15 and a beta of 0.81. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $989.80 and its 200-day moving average price is $944.47.

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

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors 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 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is 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.