West Branch Capital LLC Grows Stock Position in Costco Wholesale Co. (NASDAQ:COST)

West Branch Capital LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 21.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,685 shares of the retailer’s stock after buying an additional 293 shares during the period. West Branch Capital LLC’s holdings in Costco Wholesale were worth $1,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Richelieu Gestion SA purchased a new position in shares of Costco Wholesale in the fourth quarter worth about $25,000. Sanctuary Wealth Management L.L.C. bought a new position in Costco Wholesale in the 4th quarter worth approximately $26,000. Steph & Co. grew its stake in Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after buying an additional 22 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $49,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 888.9% in the third quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock worth $50,000 after acquiring an additional 80 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $732.63 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. Costco Wholesale Co. has a 52-week low of $476.75 and a 52-week high of $787.08. The company has a fifty day moving average of $725.95 and a 200-day moving average of $644.44. The stock has a market capitalization 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 posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $59.11 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that Costco Wholesale Co. will post 15.81 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, February 1st. Costco Wholesale’s dividend payout ratio is 26.68%.

Insider Buying and Selling

In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of the 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 sale, the insider now owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Caton Frates sold 740 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total transaction of $505,790.00. Following the completion of the transaction, the executive vice president now owns 6,721 shares in the company, valued at $4,593,803.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total value of $927,220.00. Following the completion of the sale, the insider now directly owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock valued at $10,736,778 over the last three months. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Northcoast Research cut Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price objective on the stock. in a report on Wednesday, December 20th. UBS Group boosted their price objective on shares of Costco Wholesale from $640.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, December 15th. BMO Capital Markets upped their target price on shares of Costco Wholesale from $612.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Oppenheimer increased their price objective on Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $668.50.

View Our Latest Stock Report on COST

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.

See Also

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

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