Invenio Wealth Partners LLC Acquires 27 Shares of Costco Wholesale Co. (NASDAQ:COST)

Invenio Wealth Partners LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 580 shares of the retailer’s stock after acquiring an additional 27 shares during the period. Invenio Wealth Partners LLC’s holdings in Costco Wholesale were worth $531,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in COST. Vanguard Group Inc. increased its stake in Costco Wholesale by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer’s stock worth $38,668,069,000 after acquiring an additional 455,043 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer’s stock valued at $8,901,249,000 after purchasing an additional 252,118 shares during the last quarter. Norges Bank purchased a new stake in Costco Wholesale during the 4th quarter valued at $5,182,316,000. Fisher Asset Management LLC lifted its position in Costco Wholesale by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 3,077,905 shares of the retailer’s stock worth $2,820,193,000 after buying an additional 43,414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Costco Wholesale by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,899,904 shares of the retailer’s stock worth $2,657,095,000 after buying an additional 91,649 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Activity

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the transaction, the executive vice president now owns 11,165 shares in the company, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. This represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock valued at $5,215,915. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COST shares. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. TD Cowen boosted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Truist Financial boosted their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday, March 7th. Finally, Wells Fargo & Company increased their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

Costco Wholesale Stock Performance

COST stock opened at $945.78 on Tuesday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24. The firm has a market cap of $419.63 billion, a price-to-earnings ratio of 55.54, a PEG ratio of 6.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a 50-day simple moving average of $988.13 and a two-hundred day simple moving average of $947.08.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). The business had revenue of $63.72 billion for 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%. On average, equities analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

About Costco Wholesale

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.