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

Full Sail Capital LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 643 shares of the retailer’s stock after buying an additional 35 shares during the quarter. Full Sail Capital LLC’s holdings in Costco Wholesale were worth $589,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. DA Davidson upped their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Truist Financial upped their target price on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. Cfra Research raised shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, May 5th. Finally, Stifel Nicolaus dropped their target price on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,024.03.

Insider Buying and Selling

In other news, EVP James C. Klauer sold 4,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 43,994 shares of the company’s stock, valued at $43,161,193.58. This represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,600 shares of company stock worth $9,140,195 in the last three months. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,008.70 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock’s fifty day simple moving average is $958.68 and its 200 day simple moving average is $963.11. Costco Wholesale Co. has a one year low of $771.43 and a one year high of $1,078.24. The firm has a market cap of $447.54 billion, a price-to-earnings ratio of 59.23, a P/E/G ratio of 6.15 and a beta of 1.00.

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 the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. On average, analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

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.