134 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by VSM Wealth Advisory LLC

VSM Wealth Advisory LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 134 shares of the retailer’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the third quarter worth approximately $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth $31,000. NewSquare Capital LLC grew its position in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $33,000. Finally, Collier Financial bought a new position in Costco Wholesale in the 4th quarter worth $35,000. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on COST. UBS Group upped their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays raised 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 note on Monday, March 10th. Citigroup increased their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Cowen restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, 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 report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

Insider Activity

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was 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 owns 41,077 shares of the company’s stock, valued at $38,242,687. This represents a 8.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $904.05 on Thursday. The firm has a market capitalization of $401.31 billion, a PE ratio of 53.09, a PEG ratio of 6.15 and a beta of 0.82. The stock’s fifty day moving average is $988.75 and its 200 day moving average is $944.83. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share 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 analysts’ expectations of $63.02 billion. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale’s dividend 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.