Visionary Wealth Advisors Has $2.31 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Visionary Wealth Advisors decreased its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 9.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,519 shares of the retailer's stock after selling 258 shares during the quarter. Visionary Wealth Advisors' holdings in Costco Wholesale were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Synergy Investment Management LLC purchased a new stake in Costco Wholesale in the fourth quarter valued at approximately $31,000. NewSquare Capital LLC boosted its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial purchased a new stake in Costco Wholesale during the fourth quarter valued at about $35,000. Finally, Barrett & Company Inc. grew its position in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after acquiring an additional 16 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In related news, EVP James C. Klauer sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. This represents a 8.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,600 shares of company stock valued at $9,140,195. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on COST. Truist Financial lifted their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Barclays upped their target price on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Finally, Loop Capital reduced their price target on Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,024.03.

Costco Wholesale Stock Performance

NASDAQ COST traded down $7.17 during trading hours on Thursday, reaching $1,018.13. The company's stock had a trading volume of 1,658,711 shares, compared to its average volume of 2,047,377. The stock has a market cap of $451.73 billion, a PE ratio of 59.78, a PEG ratio of 6.15 and a beta of 1.00. The business has a 50-day simple moving average of $968.97 and a 200 day simple moving average of $970.34. Costco Wholesale Co. has a 52 week low of $788.20 and a 52 week high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

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 (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%. Equities research 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 announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a $1.30 dividend. 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. The ex-dividend date was Friday, May 2nd. Costco Wholesale's dividend payout ratio is 30.36%.

About Costco Wholesale

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.