TD Private Client Wealth LLC Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

TD Private Client Wealth LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,805 shares of the retailer’s stock after purchasing an additional 57 shares during the period. TD Private Client Wealth LLC’s holdings in Costco Wholesale were worth $2,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Lee Danner & Bass Inc. increased its holdings in Costco Wholesale by 40.9% in the fourth quarter. Lee Danner & Bass Inc. now owns 2,518 shares of the retailer’s stock valued at $2,307,000 after buying an additional 731 shares in the last quarter. Vickerman Investment Advisors Inc. increased its holdings in Costco Wholesale by 7.3% in the fourth quarter. Vickerman Investment Advisors Inc. now owns 4,460 shares of the retailer’s stock valued at $4,086,000 after buying an additional 305 shares in the last quarter. Antonelli Financial Advisors LLC purchased a new position in Costco Wholesale in the fourth quarter valued at $987,000. Ballast Advisors LLC increased its holdings in Costco Wholesale by 5.1% in the fourth quarter. Ballast Advisors LLC now owns 2,218 shares of the retailer’s stock valued at $2,032,000 after buying an additional 108 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Costco Wholesale by 1.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 32,134 shares of the retailer’s stock valued at $29,443,000 after buying an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In other 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 value 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 approximately $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, March 3rd. TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Robert W. Baird lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Evercore ISI lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,029.00.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $909.26 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 firm has a market capitalization of $403.62 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 6.15 and a beta of 0.82. The company’s 50-day moving average is $987.55 and its two-hundred day moving average is $944.60. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24.

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). The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

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 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

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.