6,139 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,139 shares of the retailer’s stock, valued at approximately $4,052,000. Costco Wholesale comprises about 1.0% of Tyche Wealth Partners LLC’s portfolio, making the stock its 24th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its holdings in Costco Wholesale by 1.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock worth $16,302,000 after buying an additional 273 shares during the period. Keating Investment Counselors Inc. raised its holdings in shares of Costco Wholesale by 43.0% in the third quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after purchasing an additional 795 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Costco Wholesale by 28.9% in the fourth quarter. Cerity Partners LLC now owns 272,288 shares of the retailer’s stock valued at $179,822,000 after purchasing an additional 61,122 shares during the last quarter. Rice Partnership LLC raised its holdings in shares of Costco Wholesale by 21.0% in the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock valued at $6,633,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC raised its holdings in shares of Costco Wholesale by 23.5% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 814 shares of the retailer’s stock valued at $538,000 after purchasing an additional 155 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COST shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $800.00 price objective on shares of Costco Wholesale in a report on Thursday, April 11th. DA Davidson restated a “neutral” rating and set a $680.00 target price on shares of Costco Wholesale in a report on Thursday, April 11th. Loop Capital lowered their target price on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Truist Financial boosted their target price on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, Roth Mkm boosted their target price on shares of Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $691.28.

Insiders Place Their Bets

In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the transaction, the vice president now owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director W Craig Jelinek sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the sale, the director now directly owns 216,212 shares in the company, valued at $148,306,297.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares in the company, valued at $4,020,750.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,442 shares of company stock valued at $9,303,768. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

COST stock traded down $2.31 during midday trading on Tuesday, reaching $715.97. The company had a trading volume of 1,411,594 shares, compared to its average volume of 2,111,535. The company has a market capitalization of $317.53 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 4.87 and a beta of 0.77. The stock has a 50 day moving average price of $730.82 and a 200-day moving average price of $657.77. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $787.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. Costco Wholesale’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share. Equities research analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is 26.68%.

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.