257 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 257 shares of the retailer's stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Costco Wholesale in the 4th quarter valued at about $5,182,316,000. Proficio Capital Partners LLC increased its holdings in Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer's stock worth $1,394,465,000 after buying an additional 1,519,861 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of Costco Wholesale in the fourth quarter valued at $95,452,000. Strategic Financial Concepts LLC increased its holdings in shares of Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer's stock valued at $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Costco Wholesale by 12.6% in the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock valued at $4,817,573,000 after acquiring an additional 587,303 shares in the last quarter. Institutional investors own 68.48% of the company's stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the business's stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the business's 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 of the company's stock, valued at $43,161,193.58. This represents a 8.33% 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 in the last quarter. Insiders own 0.18% of the company's stock.

Costco Wholesale Price Performance

COST stock traded up $9.29 on Tuesday, reaching $1,017.79. 1,865,159 shares of the company's stock were exchanged, compared to its average volume of 2,050,996. The stock has a fifty day moving average of $975.30 and a 200-day moving average of $973.43. Costco Wholesale Co. has a twelve month low of $788.20 and a twelve month high of $1,078.24. The firm has a market cap of $451.58 billion, a PE ratio of 59.76, a P/E/G 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 posted 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 analysts' expectations of $63.02 billion. As a group, equities analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COST shares. Mizuho started coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price for the company. Barclays boosted their price target on Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Evercore ISI lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. 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 research report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.