Elevatus Welath Management Buys 153 Shares of Costco Wholesale Co. (NASDAQ:COST)

Elevatus Welath Management boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 27.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 719 shares of the retailer’s stock after purchasing an additional 153 shares during the quarter. Elevatus Welath Management’s holdings in Costco Wholesale were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Synergy Investment Management LLC bought a new position in Costco Wholesale during the 4th quarter worth approximately $31,000. NewSquare Capital LLC raised its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the fourth quarter worth $33,000. Collier Financial acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $35,000. Finally, Barrett & Company Inc. increased its position in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Costco Wholesale

In other news, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. This represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,600 shares of company stock worth $5,215,915. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of several recent analyst reports. Cowen reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. DA Davidson lifted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Barclays upped their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,024.03.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $994.50 on Friday. Costco Wholesale Co. has a twelve month low of $702.00 and a twelve month high of $1,078.24. The company has a market cap of $441.24 billion, a PE ratio of 58.40, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The business’s 50 day moving average price is $975.99 and its two-hundred day moving average price is $952.32. 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) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. On average, analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a dividend of $1.30 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date is Friday, May 2nd. This represents a $5.20 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is presently 27.09%.

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.