Resonant Capital Advisors LLC Has $3.62 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Resonant Capital Advisors LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,359 shares of the retailer’s stock after selling 645 shares during the period. Resonant Capital Advisors LLC’s holdings in Costco Wholesale were worth $3,618,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in Costco Wholesale by 18.0% in the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after acquiring an additional 1,315,174 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Costco Wholesale by 118,320.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after acquiring an additional 7,390,278 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Costco Wholesale by 4.3% in the 3rd quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock worth $2,901,040,000 after buying an additional 210,586 shares in the last quarter. Norges Bank acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $2,328,844,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Costco Wholesale by 61,693.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock worth $2,049,630,000 after buying an additional 3,100,099 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the sale, the director now owns 12,395 shares in the company, valued at $8,967,534.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,727 shares of company stock worth $8,170,388. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on COST shares. Wells Fargo & Company increased their target price on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $800.00 target price on shares of Costco Wholesale in a report on Thursday, April 11th. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a research report on Wednesday, April 3rd. Truist Financial increased their price objective on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Loop Capital reduced their price target on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $691.28.

Costco Wholesale Stock Down 0.4 %

Shares of NASDAQ:COST traded down $3.13 during midday trading on Friday, reaching $708.12. The company had a trading volume of 1,400,875 shares, compared to its average volume of 2,088,454. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $730.57 and its 200 day moving average price is $659.59. The stock has a market cap of $314.05 billion, a PE ratio of 46.30, a P/E/G ratio of 4.76 and a beta of 0.77. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $787.08.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion for 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.30 earnings per share. Research analysts forecast that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a yield of 0.66%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.