Clarity Wealth Advisors LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 4.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,520 shares of the retailer’s stock after purchasing an additional 482 shares during the quarter. Costco Wholesale accounts for approximately 2.1% of Clarity Wealth Advisors LLC’s holdings, making the stock its 15th biggest holding. Clarity Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC bought a new stake in Costco Wholesale during the 3rd quarter worth about $8,400,000. Kathmere Capital Management LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $89,000. Brinker Capital Investments LLC raised its position in shares of Costco Wholesale by 88.3% in the 3rd quarter. Brinker Capital Investments LLC now owns 6,700 shares of the retailer’s stock valued at $2,379,000 after acquiring an additional 3,141 shares during the period. Sei Investments Co. raised its position in shares of Costco Wholesale by 10.9% in the 3rd quarter. Sei Investments Co. now owns 268,768 shares of the retailer’s stock valued at $95,259,000 after acquiring an additional 26,333 shares during the period. Finally, Rockland Trust Co. raised its position in shares of Costco Wholesale by 4.7% in the 4th quarter. Rockland Trust Co. now owns 3,872 shares of the retailer’s stock valued at $1,459,000 after acquiring an additional 174 shares during the period. 67.21% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Costco Wholesale from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, April 14th. Robert W. Baird dropped their target price on shares of Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating on the stock in a report on Thursday, March 11th. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $377.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Costco Wholesale from $344.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. Finally, Loop Capital decreased their price target on shares of Costco Wholesale from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Friday, March 5th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Costco Wholesale has an average rating of “Buy” and a consensus price target of $387.42.

Shares of COST traded down $2.45 during midday trading on Tuesday, reaching $376.87. 37,228 shares of the stock were exchanged, compared to its average volume of 2,805,326. Costco Wholesale Co. has a twelve month low of $293.84 and a twelve month high of $393.15. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The company has a market cap of $166.78 billion, a P/E ratio of 38.94, a PEG ratio of 4.17 and a beta of 0.66. The stock’s 50 day simple moving average is $356.61 and its 200 day simple moving average is $361.97.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.31). Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The firm had revenue of $44.77 billion for the quarter, compared to analyst estimates of $43.71 billion. During the same period in the prior year, the business posted $2.10 EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, analysts predict that Costco Wholesale Co. will post 9.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 30th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, April 29th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.70. Costco Wholesale’s payout ratio is 35.71%.

In other Costco Wholesale news, VP Roland Michael Vachris sold 4,300 shares of Costco Wholesale stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $334.30, for a total value of $1,437,490.00. Following the transaction, the vice president now owns 15,602 shares in the company, valued at $5,215,748.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard A. Galanti sold 2,230 shares of Costco Wholesale stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $372.06, for a total value of $829,693.80. Following the completion of the transaction, the chief financial officer now owns 22,871 shares in the company, valued at approximately $8,509,384.26. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It 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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