Costco Wholesale Co. (NASDAQ:COST) Shares Bought by WealthPLAN Partners LLC


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WealthPLAN Partners LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,328 shares of the retailer’s stock after acquiring an additional 1,040 shares during the period. WealthPLAN Partners LLC’s holdings in Costco Wholesale were worth $10,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC raised its holdings in shares of Costco Wholesale by 62.4% in the third quarter. Kingsview Wealth Management LLC now owns 20,081 shares of the retailer’s stock valued at $7,129,000 after buying an additional 7,713 shares during the last quarter. Vanguard Capital Wealth Advisors purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $356,000. Brasada Capital Management LP raised its holdings in shares of Costco Wholesale by 8.0% in the fourth quarter. Brasada Capital Management LP now owns 20,193 shares of the retailer’s stock valued at $7,608,000 after buying an additional 1,497 shares during the last quarter. Wade G W & Inc. raised its holdings in shares of Costco Wholesale by 83.5% in the fourth quarter. Wade G W & Inc. now owns 7,641 shares of the retailer’s stock valued at $2,879,000 after buying an additional 3,478 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Costco Wholesale by 0.8% in the fourth quarter. Private Trust Co. NA now owns 12,416 shares of the retailer’s stock valued at $4,678,000 after buying an additional 93 shares during the last quarter. Institutional investors own 67.21% of the company’s stock.

In other news, Director Susan L. Decker sold 694 shares of Costco Wholesale stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $363.35, for a total value of $252,164.90. Following the completion of the transaction, the director now directly owns 19,047 shares of the company’s stock, valued at approximately $6,920,727.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Patrick J. Callans sold 2,500 shares of Costco Wholesale stock in a transaction dated Monday, December 14th. The shares were sold at an average price of $374.65, for a total transaction of $936,625.00. Following the completion of the transaction, the vice president now directly owns 59,838 shares of the company’s stock, valued at $22,418,306.70. The disclosure for this sale can be found here. Insiders sold a total of 21,269 shares of company stock valued at $7,878,998 over the last ninety days. Company insiders own 0.22% of the company’s stock.

COST stock traded down $4.58 during mid-day trading on Tuesday, hitting $345.63. 75,810 shares of the company were exchanged, compared to its average volume of 2,419,829. The company has a market capitalization of $153.10 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 4.17 and a beta of 0.66. The company has a current ratio of 0.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.49. Costco Wholesale Co. has a twelve month low of $271.28 and a twelve month high of $393.15. The firm has a fifty day simple moving average of $359.83 and a 200 day simple moving average of $361.79.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, December 9th. The retailer reported $2.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.24. Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The company had revenue of $43.21 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same period last year, the business earned $1.73 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 9.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 19th. Stockholders of record on Friday, February 5th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 4th. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.64%.

Several research analysts recently issued reports on COST shares. Telsey Advisory Group reissued an “outperform” rating and set a $430.00 price target on shares of Costco Wholesale in a report on Wednesday, December 30th. Morgan Stanley increased their price target on shares of Costco Wholesale from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, December 14th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price target for the company in a report on Tuesday, February 2nd. BMO Capital Markets increased their price target on shares of Costco Wholesale from $385.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, December 11th. Finally, Robert W. Baird increased their price target on shares of Costco Wholesale from $375.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. Eleven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $386.08.

About Costco Wholesale

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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

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