Buck Wealth Strategies LLC Has $352,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Buck Wealth Strategies LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 36.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 532 shares of the retailer’s stock after acquiring an additional 142 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Costco Wholesale were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its stake in Costco Wholesale by 1.8% in the 2nd quarter. State Street Corp now owns 19,108,655 shares of the retailer’s stock worth $10,287,718,000 after acquiring an additional 333,308 shares during the last quarter. Morgan Stanley grew its position in Costco Wholesale by 18.0% during the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after acquiring an additional 1,315,174 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Costco Wholesale by 118,320.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock worth $3,376,513,000 after buying an additional 7,390,278 shares during the period. Northern Trust Corp lifted its holdings in Costco Wholesale by 4.3% in the 3rd quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock worth $2,901,040,000 after buying an additional 210,586 shares during the period. Finally, Norges Bank purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $2,328,844,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST traded down $9.94 during midday trading on Tuesday, hitting $711.30. 2,324,582 shares of the company were exchanged, compared to its average volume of 2,153,023. The company’s 50 day simple moving average is $726.52 and its 200 day simple moving average is $646.75. The firm has a market capitalization of $315.46 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $787.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.09. The company had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $3.30 EPS. As a group, sell-side analysts predict that Costco Wholesale Co. will post 15.81 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Insider Activity

In related news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the transaction, the director now directly owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the transaction, the executive vice president now directly owns 6,695 shares in the company, valued at $4,785,786.85. The disclosure for this sale can be found here. Insiders have sold 15,582 shares of company stock worth $10,736,778 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on COST. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Telsey Advisory Group lifted their price objective on Costco Wholesale from $750.00 to $785.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Stifel Nicolaus lifted their target price on Costco Wholesale from $615.00 to $675.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Finally, Northcoast Research lowered Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 target price for the company. in a report on Wednesday, December 20th. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $668.50.

View Our Latest Research Report on Costco Wholesale

About Costco Wholesale

(Free Report)

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.

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

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