Optivise Advisory Services LLC Has $547,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Optivise Advisory Services LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 597 shares of the retailer’s stock after acquiring an additional 26 shares during the quarter. Optivise Advisory Services LLC’s holdings in Costco Wholesale were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of COST. Synergy Investment Management LLC bought a new stake in Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC raised its position in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Finally, Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares in the company, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,600 shares of company stock worth $5,215,915. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 2.8 %

Shares of Costco Wholesale stock opened at $994.50 on Monday. Costco Wholesale Co. has a one year low of $706.17 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’s 50-day moving average is $975.99 and its 200 day moving average is $953.37. The firm has a market cap of $441.24 billion, a price-to-earnings ratio of 58.40, a PEG ratio of 6.15 and a beta of 0.95.

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

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.52%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, May 2nd. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Wall Street Analyst Weigh In

COST has been the subject of several recent analyst reports. Robert W. Baird upped their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Cowen restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. DA Davidson lifted their target price 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. JPMorgan Chase & Co. increased their target price on shares of 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, Truist Financial lifted their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,024.03.

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.