Maridea Wealth Management LLC Purchases Shares of 493 Costco Wholesale Co. (NASDAQ:COST)

Maridea Wealth Management LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 493 shares of the retailer’s stock, valued at approximately $452,000.

Other hedge funds have also recently made changes to their positions in the company. United Bank increased its stake in Costco Wholesale by 7.5% during the third quarter. United Bank now owns 5,962 shares of the retailer’s stock worth $5,285,000 after purchasing an additional 416 shares during the period. Quantbot Technologies LP increased its stake in Costco Wholesale by 182.1% during the 3rd quarter. Quantbot Technologies LP now owns 409 shares of the retailer’s stock worth $363,000 after buying an additional 264 shares during the period. Hantz Financial Services Inc. lifted its holdings in Costco Wholesale by 1.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,377 shares of the retailer’s stock worth $4,767,000 after buying an additional 53 shares in the last quarter. Isthmus Partners LLC purchased a new position in Costco Wholesale in the 3rd quarter valued at approximately $328,000. Finally, Worldly Partners Management LLC grew its stake in shares of Costco Wholesale by 0.7% in the third quarter. Worldly Partners Management LLC now owns 90,416 shares of the retailer’s stock worth $80,156,000 after acquiring an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the sale, the executive vice president now directly owns 11,165 shares in the company, valued at approximately $10,495,211.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This represents a 11.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Trading Down 1.0 %

Shares of COST stock opened at $929.66 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $988.07 and its two-hundred day moving average is $946.54. The company has a market capitalization of $412.47 billion, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data 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). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Equities analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company 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 of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale’s payout ratio is currently 27.09%.

Analyst Ratings Changes

A number of research firms recently issued reports on COST. Citigroup lifted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group upped their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Robert W. Baird lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

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.