WealthTrak Capital Management LLC Invests $67,000 in Costco Wholesale Co. (NASDAQ:COST)

WealthTrak Capital Management LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 73 shares of the retailer’s stock, valued at approximately $67,000.

Several other institutional investors have also recently bought and sold shares of COST. Intrust Bank NA boosted its holdings in Costco Wholesale by 1.2% in the fourth quarter. Intrust Bank NA now owns 5,028 shares of the retailer’s stock valued at $4,607,000 after acquiring an additional 60 shares during the last quarter. Biondo Investment Advisors LLC lifted its position in Costco Wholesale by 0.8% during the 4th quarter. Biondo Investment Advisors LLC now owns 15,219 shares of the retailer’s stock valued at $13,945,000 after purchasing an additional 124 shares during the period. Allstate Corp grew its position in shares of Costco Wholesale by 3,148.1% during the 4th quarter. Allstate Corp now owns 13,155 shares of the retailer’s stock worth $12,054,000 after buying an additional 12,750 shares during the period. Maridea Wealth Management LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $452,000. Finally, RiverFront Investment Group LLC lifted its holdings in Costco Wholesale by 10.9% in the fourth quarter. RiverFront Investment Group LLC now owns 832 shares of the retailer’s stock valued at $762,000 after buying an additional 82 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $929.66 on Friday. The company has a 50 day moving average of $988.07 and a 200-day moving average of $946.18. 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 stock has a market capitalization of $412.47 billion, a P/E ratio of 54.59, a P/E/G ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last released 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 net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. As a group, equities research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal 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 issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s payout ratio is presently 27.09%.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. This represents a 11.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,600 shares of company stock valued at $5,215,915. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. UBS Group upped their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Truist Financial increased their target price on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. DA Davidson upped their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Finally, Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Costco Wholesale Company 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.