Signaturefd LLC Has $11.27 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Signaturefd LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,300 shares of the retailer’s stock after selling 119 shares during the quarter. Signaturefd LLC’s holdings in Costco Wholesale were worth $11,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the third quarter worth about $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale in the 4th quarter worth about $31,000. NewSquare Capital LLC boosted its stake in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $35,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction on 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 owns 41,077 shares of the company’s stock, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Evercore ISI raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. BMO Capital Markets upped their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. DA Davidson raised their price objective 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. Finally, Raymond James upped their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $903.92 on Monday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The firm has a market capitalization of $401.25 billion, a P/E ratio of 53.08, a PEG ratio of 6.15 and a beta of 0.82. The firm’s 50 day moving average is $989.80 and its two-hundred day moving average is $944.86. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued 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 dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio is currently 27.09%.

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.