C2C Wealth Management LLC Grows Stock Position in Costco Wholesale Co. (NASDAQ:COST)

C2C Wealth Management LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 329 shares of the retailer’s stock after buying an additional 54 shares during the quarter. C2C Wealth Management LLC’s holdings in Costco Wholesale were worth $301,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $8,430,000. GAMMA Investing LLC boosted its position in shares of Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares during the period. Dale Q Rice Investment Management Ltd purchased a new stake in shares of Costco Wholesale in the fourth quarter worth $984,000. Stanich Group LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $214,000. Finally, Everence Capital Management Inc. lifted its stake in shares of Costco Wholesale by 15.4% during the 4th quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer’s stock valued at $10,916,000 after buying an additional 1,590 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 1.0 %

Shares of Costco Wholesale stock opened at $929.66 on Friday. The firm’s 50 day simple moving average is $988.07 and its two-hundred day simple moving average is $946.54. The firm has a market capitalization of $412.47 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

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

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares in the company, valued at $10,495,211.65. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on COST. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Evercore ISI lifted their price objective on shares of 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. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Stifel Nicolaus decreased their price target on shares of 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, Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine equities research 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 has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

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.