FRG Family Wealth Advisors LLC Has $12.99 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

FRG Family Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,174 shares of the retailer’s stock after purchasing an additional 14 shares during the quarter. Costco Wholesale comprises approximately 2.4% of FRG Family Wealth Advisors LLC’s holdings, making the stock its 12th largest position. FRG Family Wealth Advisors LLC’s holdings in Costco Wholesale were worth $12,988,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of COST. Vanguard Group Inc. increased its holdings in Costco Wholesale by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer’s stock valued at $38,668,069,000 after purchasing an additional 455,043 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Costco Wholesale by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer’s stock valued at $8,901,249,000 after buying an additional 252,118 shares during the period. FMR LLC lifted its stake in Costco Wholesale by 1.6% during the fourth quarter. FMR LLC now owns 9,457,824 shares of the retailer’s stock worth $8,665,921,000 after purchasing an additional 149,209 shares during the last quarter. Norges Bank acquired a new position in shares of Costco Wholesale during the fourth quarter worth $5,182,316,000. Finally, Invesco Ltd. increased its holdings in Costco Wholesale by 1.2% in the fourth quarter. Invesco Ltd. now owns 3,715,685 shares of the retailer’s stock valued at $3,404,571,000 after purchasing an additional 43,266 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. TD Cowen increased their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Loop Capital decreased their price objective on Costco Wholesale from $1,150.00 to $1,045.00 and set a “buy” rating for the company in a report on Wednesday. Cowen restated a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Finally, Robert W. Baird raised their target price on 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 equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,025.79.

Costco Wholesale Stock Up 0.6 %

NASDAQ:COST opened at $970.76 on Thursday. The company has a market cap of $430.71 billion, a price-to-earnings ratio of 57.00, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $702.00 and a twelve month high of $1,078.23. The stock has a fifty day simple moving average of $984.89 and a 200-day simple moving average of $948.65.

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

Costco Wholesale Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Insider Buying and Selling

In related news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the sale, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was 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 owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. The trade was a 8.97 % 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. Corporate insiders own 0.18% of the company’s stock.

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.