MV Capital Management Inc. Has $3.93 Million Position in Costco Wholesale Co. (NASDAQ:COST)

MV Capital Management Inc. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,284 shares of the retailer’s stock after selling 12 shares during the quarter. MV Capital Management Inc.’s holdings in Costco Wholesale were worth $3,925,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Allianz SE bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $20,616,000. Tucker Asset Management LLC increased its stake in Costco Wholesale by 12.7% in the fourth quarter. Tucker Asset Management LLC now owns 417 shares of the retailer’s stock valued at $382,000 after purchasing an additional 47 shares in the last quarter. Palogic Value Management L.P. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $204,000. WealthTrak Capital Management LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth about $67,000. Finally, Intrust Bank NA grew its stake in shares of Costco Wholesale by 1.2% in the 4th quarter. Intrust Bank NA now owns 5,028 shares of the retailer’s stock valued at $4,607,000 after buying an additional 60 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the 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 sale, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06 % 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 three months. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on COST shares. Loop Capital dropped their price target on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Truist Financial upped their target price on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Raymond James upped their price objective 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. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,029.00.

Costco Wholesale Trading Down 1.0 %

Shares of COST stock opened at $929.66 on Friday. 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 firm has a market cap of $412.47 billion, a P/E ratio of 54.59, a PEG ratio of 6.15 and a beta of 0.82. The company has a 50 day moving average of $988.07 and a 200-day moving average of $946.18. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-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 (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 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.