Imprint Wealth LLC Has $397,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Imprint Wealth LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 580 shares of the retailer’s stock after buying an additional 50 shares during the period. Imprint Wealth LLC’s holdings in Costco Wholesale were worth $397,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of COST. Howard Financial Services LTD. increased its stake in shares of Costco Wholesale by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock valued at $574,000 after purchasing an additional 15 shares in the last quarter. First National Corp MA ADV boosted its stake in shares of Costco Wholesale by 0.5% during the 4th quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock worth $2,045,000 after acquiring an additional 15 shares during the last quarter. Morton Capital Management LLC CA raised its position in shares of Costco Wholesale by 1.0% during the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after purchasing an additional 15 shares during the period. Insight Advisors LLC PA raised its position in shares of Costco Wholesale by 0.6% during the 4th quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock valued at $1,807,000 after purchasing an additional 15 shares during the period. Finally, Optas LLC raised its position in shares of Costco Wholesale by 0.6% during the 4th quarter. Optas LLC now owns 2,383 shares of the retailer’s stock valued at $1,573,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, VP Yoram Rubanenko sold 2,500 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the sale, the vice president now directly owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the transaction, the vice president now directly owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following 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. In the last quarter, insiders have sold 13,442 shares of company stock worth $9,303,768. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research reports. Oppenheimer lifted their price target on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Loop Capital reduced their price target on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Tigress Financial boosted their target price on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a report on Friday, March 15th. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target for the company. in a research note on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $691.28.

Costco Wholesale Stock Up 0.0 %

Shares of NASDAQ COST traded up $0.16 during trading hours on Tuesday, hitting $718.44. 453,777 shares of the stock were exchanged, compared to its average volume of 2,097,960. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The company has a market cap of $318.63 billion, a PE ratio of 47.16, a PEG ratio of 4.87 and a beta of 0.77. The firm has a fifty day moving average price of $730.82 and a 200-day moving average price of $657.77. Costco Wholesale Co. has a 12 month low of $476.75 and a 12 month high of $787.08.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The business had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. During the same quarter in the prior year, the business posted $3.30 EPS. Costco Wholesale’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a dividend of $1.16 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a yield of 0.65%. Costco Wholesale’s dividend payout ratio is presently 26.68%.

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.