CreativeOne Wealth LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

CreativeOne Wealth LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 20.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,579 shares of the retailer’s stock after buying an additional 1,114 shares during the quarter. CreativeOne Wealth LLC’s holdings in Costco Wholesale were worth $6,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth $31,000. NewSquare Capital LLC raised its holdings in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $35,000. Finally, Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. This represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock valued at $5,215,915 in the last quarter. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Cfra Research upgraded Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. DA Davidson lifted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Truist Financial increased their target price on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Mizuho started coverage on Costco Wholesale in a research note on Friday. They set a “neutral” rating and a $975.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,024.03.

Costco Wholesale Price Performance

COST opened at $963.41 on Monday. Costco Wholesale Co. has a twelve month low of $702.00 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 firm has a market cap of $427.45 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 6.15 and a beta of 0.95. The company has a fifty day simple moving average of $982.89 and a 200 day simple moving average of $949.81.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Equities research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s payout ratio 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.