Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Bank of Marin

Bank of Marin increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,003 shares of the retailer’s stock after purchasing an additional 164 shares during the period. Costco Wholesale makes up 2.2% of Bank of Marin’s portfolio, making the stock its 10th biggest position. Bank of Marin’s holdings in Costco Wholesale were worth $2,752,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth approximately $29,000. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $31,000. NewSquare Capital LLC increased its holdings in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $33,000. Finally, Collier Financial bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several research analyst reports. Truist Financial increased their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Cowen reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. DA Davidson increased their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, March 3rd. Finally, BMO Capital Markets increased their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,030.43.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Down 2.0 %

COST opened at $898.05 on Wednesday. The stock has a market capitalization of $398.64 billion, a P/E ratio of 52.73, a P/E/G ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The firm’s fifty day simple moving average is $989.21 and its 200 day simple moving average is $945.12. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The company had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. As a group, research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s dividend payout ratio 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.