ROI Financial Advisors LLC Has $8.98 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

ROI Financial Advisors LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,802 shares of the retailer’s stock after selling 398 shares during the period. Costco Wholesale comprises 6.1% of ROI Financial Advisors LLC’s investment portfolio, making the stock its 5th largest holding. ROI Financial Advisors LLC’s holdings in Costco Wholesale were worth $8,981,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Pioneer Trust Bank N A OR increased its holdings in shares of Costco Wholesale by 24.7% during the fourth quarter. Pioneer Trust Bank N A OR now owns 2,019 shares of the retailer’s stock valued at $1,850,000 after acquiring an additional 400 shares in the last quarter. Kidder Stephen W grew its position in Costco Wholesale by 11.6% in the 4th quarter. Kidder Stephen W now owns 269 shares of the retailer’s stock valued at $246,000 after purchasing an additional 28 shares during the period. Leeward Financial Partners LLC increased its stake in Costco Wholesale by 217.6% during the 4th quarter. Leeward Financial Partners LLC now owns 4,951 shares of the retailer’s stock valued at $4,537,000 after purchasing an additional 3,392 shares in the last quarter. Smith Moore & CO. raised its holdings in Costco Wholesale by 17.2% during the fourth quarter. Smith Moore & CO. now owns 1,338 shares of the retailer’s stock worth $1,226,000 after buying an additional 196 shares during the last quarter. Finally, Prudential PLC lifted its stake in shares of Costco Wholesale by 11.2% in the fourth quarter. Prudential PLC now owns 31,249 shares of the retailer’s stock valued at $28,633,000 after buying an additional 3,158 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 5.2 %

COST stock opened at $916.48 on Friday. The company’s 50 day moving average is $988.70 and its 200 day moving average is $947.67. 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 stock has a market cap of $406.63 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 1-year low of $702.00 and a 1-year high of $1,078.24.

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 analysts’ consensus estimates of $4.09 by ($0.07). The company 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%. Sell-side analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Analysts Set New Price Targets

COST has been the topic of a number of analyst reports. UBS Group upped 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. Barclays increased their price objective on Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Loop Capital cut their target price on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. DA Davidson increased their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, Roth Mkm upped their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were 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 in the company, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction dated 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 transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock worth $5,215,915 over the last ninety days. 0.18% of the stock is owned by corporate 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.