Axxcess Wealth Management LLC Has $10.31 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Axxcess Wealth Management LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,618 shares of the retailer’s stock after acquiring an additional 1,187 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Costco Wholesale were worth $10,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richelieu Gestion SA acquired a new position in Costco Wholesale in the 4th quarter valued at about $25,000. Morton Brown Family Wealth LLC grew its position in shares of Costco Wholesale by 200.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Costco Wholesale during the fourth quarter worth approximately $30,000. Steph & Co. lifted its holdings in Costco Wholesale by 42.3% during the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $49,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.6 %

Shares of Costco Wholesale stock traded up $11.46 on Friday, reaching $743.90. 2,323,300 shares of the company’s stock were exchanged, compared to its average volume of 1,605,560. The company has a market capitalization of $329.92 billion, a P/E ratio of 48.65, a price-to-earnings-growth ratio of 4.95 and a beta of 0.77. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm’s 50-day moving average is $730.46 and its two-hundred day moving average is $671.71.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 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 analysts’ expectations of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $3.30 earnings per share. Sell-side analysts predict that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. This is an increase 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 annualized dividend and a dividend yield of 0.62%. Costco Wholesale’s payout ratio is currently 30.35%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on COST shares. DA Davidson restated a “neutral” rating and set a $680.00 price objective on shares of Costco Wholesale in a research note on Thursday, April 11th. Tigress Financial raised their target price on shares of Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a report on Friday, March 15th. Roth Mkm increased their price target on shares of Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Evercore ISI boosted their price objective on shares of Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Oppenheimer raised their target price on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $694.48.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the sale, the director now directly owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,727 shares of company stock worth $2,682,948 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.