Obermeyer Wealth Partners grew its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,775 shares of the retailer's stock after purchasing an additional 300 shares during the period. Obermeyer Wealth Partners' holdings in Costco Wholesale were worth $2,542,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC raised its stake in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock worth $1,048,000 after purchasing an additional 10 shares during the last quarter. 44 Wealth Management LLC raised its position in Costco Wholesale by 0.3% in the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after acquiring an additional 10 shares during the period. SRN Advisors LLC lifted its position in Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock valued at $2,823,000 after purchasing an additional 10 shares in the last quarter. Miramar Capital LLC grew its stake in shares of Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after acquiring an additional 10 shares during the period. Finally, Clear Investment Research LLC increased its stake in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Sanford C. Bernstein restated an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. DA Davidson lifted their price target 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. Robert W. Baird upped their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Stifel Nicolaus cut their target price on Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,024.03.
Check Out Our Latest Analysis on Costco Wholesale
Costco Wholesale Stock Performance
Shares of NASDAQ:COST opened at $1,016.15 on Tuesday. The firm has a 50 day moving average of $958.05 and a 200 day moving average of $964.92. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $450.85 billion, a price-to-earnings ratio of 59.67, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 52 week low of $771.43 and a 52 week high of $1,078.24.
Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share 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 company had revenue of $63.72 billion for the quarter, compared to analysts' expectations of $63.02 billion. On average, sell-side analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.
Costco Wholesale Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Friday, May 2nd. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's payout ratio is 30.36%.
Insiders Place Their Bets
In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the sale, the executive vice president now directly owns 43,994 shares in the company, valued at approximately $43,161,193.58. This trade represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of the business's stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,600 shares of company stock valued at $9,140,195. 0.18% of the stock is currently owned by insiders.
Costco Wholesale Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
