Concentrum Wealth Management Acquires 104 Shares of Costco Wholesale Co. (NASDAQ:COST)

Concentrum Wealth Management grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 38.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 372 shares of the retailer’s stock after purchasing an additional 104 shares during the period. Concentrum Wealth Management’s holdings in Costco Wholesale were worth $341,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. United Bank grew its position in Costco Wholesale by 7.5% during the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock valued at $5,285,000 after purchasing an additional 416 shares during the last quarter. XTX Topco Ltd purchased a new position in Costco Wholesale in the third quarter worth about $945,000. Dunhill Financial LLC lifted its stake in shares of Costco Wholesale by 10.6% in the third quarter. Dunhill Financial LLC now owns 240 shares of the retailer’s stock worth $213,000 after buying an additional 23 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in shares of Costco Wholesale by 1.7% during the third quarter. Northeast Financial Consultants Inc now owns 1,354 shares of the retailer’s stock valued at $1,200,000 after buying an additional 22 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $355,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 5.2 %

Shares of COST opened at $916.48 on Monday. The business’s 50 day simple moving average is $988.70 and its 200-day simple moving average is $948.42. Costco Wholesale Co. has a 1 year low of $702.00 and a 1 year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $406.63 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95.

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

Costco Wholesale Announces Dividend

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

Insider Activity

In related 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 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. This represents a 11.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the sale, the executive vice president now directly 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on COST shares. UBS Group upped their price target 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 boosted their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday, March 7th. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, Citigroup increased their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

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.