Fourth Dimension Wealth LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Fourth Dimension Wealth LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 258 shares of the retailer's stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Costco Wholesale by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock valued at $38,668,069,000 after buying an additional 455,043 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Costco Wholesale by 2.7% in 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 buying an additional 252,118 shares in the last quarter. FMR LLC increased its position in shares of Costco Wholesale by 1.6% in the fourth quarter. FMR LLC now owns 9,457,824 shares of the retailer's stock valued at $8,665,921,000 after buying an additional 149,209 shares in the last quarter. Norges Bank purchased a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $5,182,316,000. Finally, Northern Trust Corp increased its position in shares of Costco Wholesale by 12.6% during the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock worth $4,817,573,000 after purchasing an additional 587,303 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $38,242,687. This represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 43,994 shares in the company, valued at approximately $43,161,193.58. The trade was a 8.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,600 shares of company stock valued at $9,140,195. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,018.13 on Friday. Costco Wholesale Co. has a 52 week low of $788.20 and a 52 week high of $1,078.24. The business's fifty day simple moving average is $971.00 and its 200-day simple moving average is $971.25. The firm has a market cap of $451.73 billion, a PE ratio of 59.78, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS 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 business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Equities analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were paid a dividend of $1.30 per share. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 annualized dividend and a yield of 0.51%. Costco Wholesale's dividend payout ratio is presently 30.36%.

Analysts Set New Price Targets

COST has been the subject of several research reports. Cowen reiterated a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Mizuho initiated coverage on Costco Wholesale in a research report on Friday, April 11th. They set a "neutral" rating and a $975.00 price target for the company. Truist Financial boosted their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research report on Friday, March 7th. Loop Capital dropped their price target on Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, DA Davidson boosted 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. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,024.03.

Costco Wholesale Company 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.

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