Full Sail Capital LLC Has $589,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Full Sail Capital LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 643 shares of the retailer’s stock after acquiring an additional 35 shares during the period. Full Sail Capital LLC’s holdings in Costco Wholesale were worth $589,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. Norges Bank acquired a new stake in Costco Wholesale in the fourth quarter worth $5,182,316,000. Proficio Capital Partners LLC increased its position in shares of Costco Wholesale by 74,796.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after buying an additional 1,519,861 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares during the period. Northern Trust Corp lifted its holdings in Costco Wholesale by 12.6% during the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer’s stock worth $4,817,573,000 after acquiring an additional 587,303 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Costco Wholesale by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer’s stock valued at $38,668,069,000 after acquiring an additional 455,043 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James C. Klauer sold 4,000 shares of the business’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the sale, the executive vice president now owns 43,994 shares of the company’s stock, valued at $43,161,193.58. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,600 shares of company stock worth $9,140,195. 0.18% of the stock is owned by insiders.

Costco Wholesale Trading Up 0.1 %

Costco Wholesale stock opened at $1,008.70 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a 50-day simple moving average of $958.68 and a 200 day simple moving average of $963.11. The stock has a market capitalization of $447.54 billion, a P/E ratio of 59.23, a PEG ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 52 week low of $771.43 and a 52 week high of $1,078.24.

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

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a $1.30 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio is presently 30.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COST. JPMorgan Chase & Co. raised their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Truist Financial raised their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. DA Davidson upped their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Finally, Loop Capital reduced their target price on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,024.03.

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.