Prosperity Consulting Group LLC Purchases 312 Shares of Costco Wholesale Co. (NASDAQ:COST)

Prosperity Consulting Group LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,820 shares of the retailer's stock after purchasing an additional 312 shares during the quarter. Costco Wholesale accounts for approximately 0.8% of Prosperity Consulting Group LLC's holdings, making the stock its 26th largest position. Prosperity Consulting Group LLC's holdings in Costco Wholesale were worth $10,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Costco Wholesale by 1.1% during the fourth 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 during the last quarter. Geode Capital Management LLC lifted its stake in Costco Wholesale by 2.7% during 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 purchasing an additional 252,118 shares during the last quarter. 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 valued at $8,665,921,000 after purchasing an additional 149,209 shares during the last quarter. Norges Bank acquired a new stake in Costco Wholesale during the fourth quarter valued at approximately $5,182,316,000. Finally, Capital World Investors lifted its stake in Costco Wholesale by 0.5% during the fourth quarter. Capital World Investors now owns 3,990,957 shares of the retailer's stock valued at $3,656,828,000 after purchasing an additional 18,897 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COST. Truist Financial increased their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Stifel Nicolaus reduced their price target on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Sanford C. Bernstein restated an "outperform" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday. Finally, Barclays upped their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,024.03.

Costco Wholesale Trading Down 0.0 %

Shares of COST stock traded down $0.34 during trading hours on Wednesday, reaching $991.36. The company had a trading volume of 711,380 shares, compared to its average volume of 2,027,673. The firm has a market cap of $439.85 billion, a price-to-earnings ratio of 58.21, a P/E/G ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a 1-year low of $715.32 and a 1-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 company has a 50 day moving average of $963.93 and a 200 day moving average of $957.14.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, May 2nd. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio is 30.36%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction 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 transaction, the executive vice president now owns 11,165 shares in the company, valued at $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 quarter, insiders have sold 9,600 shares of company stock worth $9,140,195. Company 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.