Petros Family Wealth LLC Makes New $1.56 Million Investment in Costco Wholesale Co. (NASDAQ:COST)

Petros Family Wealth LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,697 shares of the retailer’s stock, valued at approximately $1,555,000. Costco Wholesale makes up about 1.7% of Petros Family Wealth LLC’s portfolio, making the stock its 14th largest position.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in Costco Wholesale during the 4th quarter worth $5,182,316,000. Proficio Capital Partners LLC lifted its position in shares of 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 purchasing an additional 1,519,861 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in 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 buying an additional 795,345 shares during the last quarter. Vanguard Group Inc. raised its stake in Costco Wholesale by 1.1% during 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. Finally, Assenagon Asset Management S.A. lifted its holdings in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after buying an additional 382,367 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction dated 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 trade represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares in the company, valued at $6,445,926.72. This represents a 11.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,600 shares of company stock valued at $5,215,915 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $963.41 on Friday. Costco Wholesale Co. has a 52 week low of $702.00 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. The stock has a market cap of $427.45 billion, a PE ratio of 56.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The company’s 50-day moving average price is $982.89 and its two-hundred day moving average price is $949.47.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COST. Robert W. Baird upped their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Truist Financial increased their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. 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 report on Tuesday, March 11th. DA Davidson boosted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Thursday. Ten investment 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 presently has a consensus 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.