Mindset Wealth Management LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Mindset Wealth Management LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 665 shares of the retailer’s stock after purchasing an additional 78 shares during the quarter. Mindset Wealth Management LLC’s holdings in Costco Wholesale were worth $609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Swedbank AB increased its holdings in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the last quarter. United Bank grew its position in shares of Costco Wholesale by 7.5% in the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock worth $5,285,000 after acquiring an additional 416 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $195,000. Portfolio Design Labs LLC grew its position in shares of Costco Wholesale by 95.0% in the 3rd quarter. Portfolio Design Labs LLC now owns 468 shares of the retailer’s stock worth $415,000 after acquiring an additional 228 shares in the last quarter. Finally, Cornerstone Advisors LLC grew its position in shares of Costco Wholesale by 1.4% in the 3rd quarter. Cornerstone Advisors LLC now owns 29,200 shares of the retailer’s stock worth $25,886,000 after acquiring an additional 400 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Down 1.0 %

Shares of Costco Wholesale stock opened at $895.40 on Friday. The stock’s fifty day moving average is $988.11 and its 200-day moving average is $944.49. The firm has a market capitalization of $397.47 billion, a PE ratio of 52.58, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. 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 announced 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). The company had revenue of $63.72 billion for 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%. Equities analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

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 0.52%. Costco Wholesale’s dividend payout ratio is 27.09%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COST. Robert W. Baird lifted their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,029.00.

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.