Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,721 shares of the retailer’s stock after purchasing an additional 79 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Costco Wholesale were worth $20,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in COST. Synergy Investment Management LLC purchased a new stake in Costco Wholesale during the fourth quarter worth $31,000. NewSquare Capital LLC raised its stake in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $33,000. Collier Financial acquired a new stake in Costco Wholesale in the 4th quarter valued at about $35,000. Finally, Barrett & Company Inc. increased its holdings in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

COST opened at $977.16 on Friday. Costco Wholesale Co. has a 52-week low of $715.00 and a 52-week high of $1,078.24. The company has a 50 day moving average of $966.46 and a two-hundred day moving average of $955.52. The company has a market cap of $433.55 billion, a P/E ratio of 57.38, a P/E/G ratio of 6.15 and a beta of 0.95. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST) last announced 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 analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, 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 declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a dividend of $1.30 per share. The ex-dividend date 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 yield of 0.53%. Costco Wholesale’s payout ratio is 30.36%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the transaction, the executive vice president now owns 6,987 shares in the company, valued at $6,445,926.72. The trade was a 11.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the company’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the transaction, the executive vice president now directly owns 43,994 shares of the company’s stock, valued at approximately $43,161,193.58. The trade was a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,600 shares of company stock worth $9,140,195 in the last 90 days. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird raised their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, April 10th. Barclays increased their price objective on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Finally, Truist Financial upped their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,024.03.

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.