Costco Wholesale Co. (NASDAQ:COST) Stock Position Boosted by King Wealth Management Group

King Wealth Management Group lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,730 shares of the retailer’s stock after buying an additional 712 shares during the period. Costco Wholesale makes up 1.7% of King Wealth Management Group’s holdings, making the stock its 17th largest position. King Wealth Management Group’s holdings in Costco Wholesale were worth $11,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after purchasing an additional 1,519,861 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after purchasing an additional 795,345 shares during the period. Assenagon Asset Management S.A. grew its position in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares in the last quarter. FMR LLC raised its stake in Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares during the period. Finally, Amundi lifted its holdings in shares of Costco Wholesale by 11.2% in the fourth quarter. Amundi now owns 2,299,535 shares of the retailer’s stock valued at $2,132,519,000 after purchasing an additional 231,969 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COST. Evercore ISI upped their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup increased their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Barclays boosted their target price on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale Stock Down 3.9 %

Shares of COST opened at $890.62 on Friday. The business’s fifty day moving average price is $990.05 and its two-hundred day moving average price is $944.14. The firm has a market capitalization of $395.35 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS 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 business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. On average, analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

Costco Wholesale 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.