Costco Wholesale Co. (NASDAQ:COST) Stake Raised by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,553 shares of the retailer’s stock after acquiring an additional 504 shares during the quarter. Costco Wholesale accounts for 3.6% of Householder Group Estate & Retirement Specialist LLC’s portfolio, making the stock its 3rd biggest holding. Householder Group Estate & Retirement Specialist LLC’s holdings in Costco Wholesale were worth $10,926,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on COST shares. Loop Capital upped their price target on shares of Costco Wholesale from $710.00 to $755.00 in a research note on Friday, January 19th. Truist Financial raised their target price on Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Tigress Financial boosted their price target on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Gordon Haskett lowered shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a report on Wednesday. Finally, DA Davidson upped their price objective on Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, December 15th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $672.76.

Read Our Latest Stock Report on COST

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $708.28 on Wednesday. The business’s 50 day moving average price is $727.00 and its 200-day moving average price is $647.84. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The firm has a market capitalization of $314.12 billion, a PE ratio of 46.52, a P/E/G ratio of 4.99 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 earnings per share. As a group, equities research analysts expect that Costco Wholesale Co. will post 15.81 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is 26.68%.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total transaction of $927,220.00. Following the transaction, the insider now owns 13,922 shares in the company, valued at $9,220,540.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the transaction, the insider now directly owns 13,922 shares of the company’s stock, valued at $9,220,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Caton Frates sold 740 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total transaction of $505,790.00. Following the completion of the sale, the executive vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $4,593,803.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock worth $10,736,778 in the last ninety days. Insiders own 0.18% of the company’s stock.

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.

See Also

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

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