One Degree Advisors Inc Purchases 64 Shares of Costco Wholesale Co. (NASDAQ:COST)

One Degree Advisors Inc grew its position in Costco Wholesale Co. (NASDAQ:COST) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,339 shares of the retailer’s stock after acquiring an additional 64 shares during the period. Costco Wholesale accounts for 0.9% of One Degree Advisors Inc’s portfolio, making the stock its 24th largest holding. One Degree Advisors Inc’s holdings in Costco Wholesale were worth $2,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew 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 purchasing an additional 455,043 shares during the last quarter. Geode Capital Management LLC boosted its position in Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer’s stock valued at $8,901,249,000 after buying an additional 252,118 shares during the last quarter. FMR LLC increased its stake in shares of Costco Wholesale by 1.6% in the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer’s stock valued at $8,665,921,000 after buying an additional 149,209 shares during the period. Norges Bank bought a new stake in shares of Costco Wholesale during the fourth quarter worth $5,182,316,000. Finally, Invesco Ltd. lifted its stake in shares of Costco Wholesale by 1.2% during the fourth quarter. Invesco Ltd. now owns 3,715,685 shares of the retailer’s stock valued at $3,404,571,000 after acquiring an additional 43,266 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays upped their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Truist Financial increased their price target on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Stifel Nicolaus dropped their price objective on 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. Finally, Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $908.75 on Wednesday. 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 stock has a market capitalization of $403.20 billion, a price-to-earnings ratio of 53.36, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a twelve month low of $702.00 and a twelve month high of $1,078.24. The company has a 50-day simple moving average of $985.46 and a two-hundred day simple moving average of $948.20.

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

Costco Wholesale Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s dividend payout ratio is 27.09%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the transaction, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock worth $5,215,915 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.