564 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Elite Financial Inc.

Elite Financial Inc. purchased a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 564 shares of the retailer's stock, valued at approximately $516,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Cromwell Holdings LLC grew its holdings in shares of Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock worth $1,048,000 after purchasing an additional 10 shares in the last quarter. 44 Wealth Management LLC grew its stake in Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after buying an additional 10 shares during the last quarter. SRN Advisors LLC raised its position in Costco Wholesale by 0.3% in the 4th 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 during the last quarter. Miramar Capital LLC lifted its position in Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock worth $481,000 after buying an additional 10 shares in the last quarter. Finally, Clear Investment Research LLC grew its stake in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after purchasing an additional 10 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock traded down $4.65 during trading on Wednesday, reaching $1,013.14. The company had a trading volume of 1,666,749 shares, compared to its average volume of 2,049,750. Costco Wholesale Co. has a 1-year low of $788.20 and a 1-year high of $1,078.24. The firm's 50-day simple moving average is $977.74 and its 200 day simple moving average is $973.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market capitalization of $449.51 billion, a PE ratio of 59.49, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00.

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 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 analyst estimates of $63.02 billion. As a group, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a dividend of $1.30 per share. The ex-dividend date was Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.51%. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio (DPR) is currently 30.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COST. Truist Financial lifted their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research report on Friday, March 7th. 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 report on Monday, March 10th. Cowen reiterated a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Loop Capital reduced their price objective on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Cfra Research upgraded shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,024.03.

Insider Activity

In other news, CEO Roland Michael Vachris sold 3,600 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares of the company's stock, valued at $38,242,687. The trade was a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total value 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. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,600 shares of company stock valued at $9,140,195 over the last quarter. Corporate 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.