Envestnet Asset Management Inc. Acquires 18,407 Shares of Costco Wholesale Co. (NASDAQ:COST)

Envestnet Asset Management Inc. lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 581,395 shares of the retailer’s stock after purchasing an additional 18,407 shares during the period. Envestnet Asset Management Inc. owned 0.13% of Costco Wholesale worth $532,715,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COST. Cromwell Holdings LLC raised its position in Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after buying an additional 10 shares during the period. 44 Wealth Management LLC raised its holdings in shares of Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after purchasing an additional 10 shares in the last quarter. SRN Advisors LLC lifted its position in shares of Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after buying an additional 10 shares during the last quarter. Miramar Capital LLC boosted its position in Costco Wholesale by 1.9% during the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock worth $481,000 after purchasing an additional 10 shares during the period. Finally, Clear Investment Research LLC grew its stake in Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after buying an additional 10 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 5.2 %

NASDAQ COST opened at $916.48 on Friday. Costco Wholesale Co. has a one year low of $702.00 and a one year high of $1,078.24. 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 stock has a market capitalization of $406.63 billion, a P/E ratio of 53.82, a P/E/G ratio of 6.15 and a beta of 0.82. The business has a 50 day simple moving average of $988.70 and a 200 day simple moving average of $947.67.

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

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. 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 payout ratio is 27.09%.

Analyst Ratings Changes

COST has been the subject of a number of research reports. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein restated an “outperform” rating on shares of Costco Wholesale in a report on Friday, March 7th. Raymond James increased their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Buying and Selling

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the transaction, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at $6,445,926.72. The trade was a 11.41 % 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 worth $5,215,915. 0.18% of the stock is owned by company insiders.

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.