Costco Wholesale Co. (NASDAQ:COST) Position Boosted by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 73.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 846 shares of the retailer’s stock after buying an additional 359 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Costco Wholesale were worth $775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $31,000. NewSquare Capital LLC increased its stake in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $33,000. Collier Financial bought a new position in shares of Costco Wholesale in the 4th quarter worth about $35,000. Finally, Barrett & Company Inc. boosted its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Loop Capital dropped their price target on Costco Wholesale from $1,150.00 to $1,045.00 and set a “buy” rating on the stock in a research report on Wednesday. Cfra Research upgraded Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Truist Financial increased their target price on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. Finally, Stifel Nicolaus reduced their price target on shares of 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. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,025.79.

Costco Wholesale Stock Down 0.1 %

COST stock opened at $964.31 on Friday. The firm has a market cap of $427.85 billion, a PE ratio of 56.62, a P/E/G ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a 12 month low of $702.00 and a 12 month high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $984.05 and a 200 day simple moving average of $949.09.

Costco Wholesale (NASDAQ:COST) last announced 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). The company had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Equities research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s payout ratio is presently 27.09%.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Gary Millerchip sold 1,100 shares of the 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 directly owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction dated 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 directly owns 41,077 shares in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is currently owned by corporate insiders.

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.