Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 34.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,103 shares of the retailer’s stock after acquiring an additional 285 shares during the period. OneAscent Wealth Management LLC’s holdings in Costco Wholesale were worth $808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $3,628,694,000. 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 valued at $2,049,630,000 after purchasing an additional 3,100,099 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Costco Wholesale during the 1st quarter worth $510,353,000. Public Employees Retirement Association of Colorado grew its stake in shares of Costco Wholesale by 3,647.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock worth $374,688,000 after purchasing an additional 552,492 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Costco Wholesale by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after buying an additional 485,051 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of COST traded down $0.63 during midday trading on Friday, reaching $849.99. The stock had a trading volume of 2,131,691 shares, compared to its average volume of 1,840,321. The firm’s 50 day moving average price is $801.95 and its 200-day moving average price is $739.18. The company has a market capitalization of $376.83 billion, a P/E ratio of 52.66, a P/E/G ratio of 5.62 and a beta of 0.79. Costco Wholesale Co. has a 52 week low of $524.63 and a 52 week high of $873.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. Costco Wholesale’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $3.43 EPS. On average, analysts forecast that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a $1.16 dividend. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 25th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Loop Capital raised their price objective on shares of Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective on the stock. in a research note on Wednesday, April 3rd. TD Cowen lifted their target price on shares of Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Roth Mkm reissued a “neutral” rating and set a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Finally, DA Davidson reiterated a “neutral” rating and set a $680.00 target price on shares of Costco Wholesale in a report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $756.85.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

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.