Concentrum Wealth Management Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Concentrum Wealth Management lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 38.8% in the fourth quarter, Holdings Channel reports. The firm owned 372 shares of the retailer’s stock after buying an additional 104 shares during the period. Concentrum Wealth Management’s holdings in Costco Wholesale were worth $341,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Costco Wholesale by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer’s stock valued at $38,668,069,000 after buying an additional 455,043 shares during the period. Geode Capital Management LLC grew its holdings in Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer’s stock worth $8,901,249,000 after acquiring an additional 252,118 shares in the last quarter. FMR LLC increased its position in Costco Wholesale by 1.6% during the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer’s stock valued at $8,665,921,000 after purchasing an additional 149,209 shares during the period. Norges Bank bought a new stake in shares of Costco Wholesale in the 4th quarter valued at about $5,182,316,000. Finally, Fisher Asset Management LLC lifted its position in shares of Costco Wholesale by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,077,905 shares of the retailer’s stock worth $2,820,193,000 after purchasing an additional 43,414 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 5.2 %

Costco Wholesale stock opened at $916.48 on Monday. The business’s 50-day moving average price is $988.70 and its 200 day moving average price is $948.42. 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 firm has a market cap of $406.63 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth 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.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS 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 analyst estimates of $63.02 billion. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

Insiders Place Their Bets

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,600 shares of company stock worth $5,215,915. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. BMO Capital Markets boosted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Truist Financial boosted their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price 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.