Wellspring Financial Advisors LLC Has $2.67 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Wellspring Financial Advisors LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,910 shares of the retailer’s stock after buying an additional 231 shares during the period. Wellspring Financial Advisors LLC’s holdings in Costco Wholesale were worth $2,667,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

COST has been the subject of several research reports. DA Davidson increased their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Stifel Nicolaus reduced their price objective on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,029.00.

Insider Activity

In other Costco Wholesale news, 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 value of $830,304.00. Following the transaction, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at $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 quarter, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

COST stock opened at $916.48 on Monday. The company has a 50 day moving average price of $988.70 and a 200 day moving average price of $948.42. Costco Wholesale Co. has a fifty-two week low of $702.00 and a fifty-two week 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 PE ratio of 53.82, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95.

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). The firm had revenue of $63.72 billion for 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%. Analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. 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.