Inscription Capital LLC Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Inscription Capital LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 65.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,584 shares of the retailer’s stock after acquiring an additional 628 shares during the period. Inscription Capital LLC’s holdings in Costco Wholesale were worth $1,046,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale during the fourth quarter worth $25,000. Sanctuary Wealth Management L.L.C. acquired a new position in Costco Wholesale in the fourth quarter valued at $26,000. Steph & Co. boosted its stake in Costco Wholesale by 42.3% in the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after acquiring an additional 22 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in Costco Wholesale in the fourth quarter valued at $49,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Costco Wholesale by 888.9% in the third quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Northcoast Research downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 target price for the company. in a research note on Wednesday, December 20th. The Goldman Sachs Group increased their target price on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Telsey Advisory Group increased their target price on shares of Costco Wholesale from $750.00 to $785.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Oppenheimer increased their target price on shares of Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $668.50.

Get Our Latest Stock Analysis on COST

Insider Buying and Selling

In related news, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the sale, the insider now owns 13,922 shares in the company, valued at $9,220,540.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares in the company, valued at approximately $4,785,786.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the completion of the transaction, the insider now owns 13,922 shares in the company, valued at approximately $9,220,540.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,582 shares of company stock worth $10,736,778. 0.18% of the stock is owned by insiders.

Costco Wholesale Trading Up 0.1 %

Shares of COST opened at $732.63 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $725.19 and a 200-day simple moving average of $643.24. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $787.08. The stock has a market cap of $324.92 billion, a price-to-earnings ratio of 47.92, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The business had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same period last year, the company posted $3.30 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Costco Wholesale Co. will post 15.81 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a yield of 0.56%. Costco Wholesale’s dividend payout ratio (DPR) is currently 26.68%.

About Costco Wholesale

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.