Costco Wholesale Corporation $COST Shares Bought by WT Wealth Management

WT Wealth Management boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 34.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,623 shares of the retailer’s stock after buying an additional 919 shares during the period. WT Wealth Management’s holdings in Costco Wholesale were worth $3,124,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in COST. Hurley Capital LLC increased its holdings in shares of Costco Wholesale by 120.0% in the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after purchasing an additional 18 shares during the period. Joseph Group Capital Management acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $33,000. Abich Financial Wealth Management LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at approximately $34,000. Collier Financial acquired a new position in shares of Costco Wholesale in the third quarter valued at approximately $35,000. Finally, AXS Investments LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the sale, the executive vice president directly owned 6,121 shares of the company’s stock, valued at $6,139,485.42. This trade represents a 10.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Costco Wholesale from $1,103.00 to $1,104.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Roth Mkm reissued a “sell” rating on shares of Costco Wholesale in a report on Wednesday, February 4th. Mizuho boosted their target price on Costco Wholesale from $1,065.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings raised Costco Wholesale from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Finally, Citigroup reissued a “neutral” rating on shares of Costco Wholesale in a report on Friday, February 20th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,045.97.

Costco Wholesale Stock Up 0.1%

COST opened at $1,012.79 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,067.08. The business’s fifty day moving average is $996.93 and its two-hundred day moving average is $950.04. The company has a market cap of $449.32 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 4.98 and a beta of 0.92.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Wednesday, March 11th. The retailer reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The business had revenue of $69.60 billion for the quarter, compared to the consensus estimate of $68.96 billion. During the same period in the prior year, the business earned $4.02 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. Analysts anticipate that Costco Wholesale Corporation will post 20.32 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio is 30.58%.

Costco Wholesale Company Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.