Canopy Partners LLC Has $2.05 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Canopy Partners LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,242 shares of the retailer’s stock after buying an additional 332 shares during the period. Costco Wholesale comprises approximately 0.8% of Canopy Partners LLC’s investment portfolio, making the stock its 29th biggest position. Canopy Partners LLC’s holdings in Costco Wholesale were worth $2,054,000 as of its most recent filing with the SEC.

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

Costco Wholesale Trading Down 5.2 %

COST stock opened at $916.48 on Monday. The company has a market cap of $406.63 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a 52 week low of $702.00 and a 52 week high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $988.70 and a 200-day simple moving average of $948.42.

Costco Wholesale (NASDAQ:COST) last released its quarterly 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). The firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, equities research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale’s dividend payout ratio is presently 27.09%.

Analyst Ratings Changes

Several equities analysts recently weighed in on COST shares. Loop Capital reduced their price target on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Friday. Cowen reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, DA Davidson raised their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Buying and Selling

In other news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were 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 $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Claudine Adamo sold 900 shares of the firm’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 transaction, the executive vice president now directly owns 6,987 shares in the company, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock valued at $5,215,915 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.