SeaCrest Wealth Management LLC Purchases 81 Shares of Costco Wholesale Co. (NASDAQ:COST)

SeaCrest Wealth Management LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,742 shares of the retailer’s stock after buying an additional 81 shares during the quarter. Costco Wholesale comprises about 0.9% of SeaCrest Wealth Management LLC’s holdings, making the stock its 17th largest position. SeaCrest Wealth Management LLC’s holdings in Costco Wholesale were worth $7,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Richelieu Gestion SA purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $25,000. Sanctuary Wealth Management L.L.C. purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $26,000. Steph & Co. lifted its stake in Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in Costco Wholesale in the 4th quarter valued at $49,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Costco Wholesale by 888.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on COST. Evercore ISI lifted their price objective on Costco Wholesale from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Raymond James lifted their price target on Costco Wholesale from $580.00 to $670.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Citigroup upped their price objective on shares of Costco Wholesale from $585.00 to $630.00 and gave the stock a “neutral” rating in a research report on Friday, December 15th. Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, Oppenheimer upped their price objective on Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $668.50.

Insider Buying and Selling

In other Costco Wholesale news, EVP Caton Frates sold 740 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total transaction of $505,790.00. Following the completion of the transaction, the executive vice president now owns 6,721 shares of the company’s stock, valued at $4,593,803.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the transaction, the director now owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Caton Frates sold 740 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total value of $505,790.00. Following the completion of the sale, the executive vice president now directly owns 6,721 shares in the company, valued at $4,593,803.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock valued at $10,736,778 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

COST stock traded up $0.55 on Thursday, reaching $732.63. The company’s stock had a trading volume of 1,711,632 shares, compared to its average volume of 2,158,359. The business has a fifty day simple moving average of $724.29 and a two-hundred day simple moving average of $642.61. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm has a market cap of $324.92 billion, a PE ratio of 47.90, a PEG ratio of 5.07 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. Costco Wholesale’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts forecast that Costco Wholesale Co. will post 15.78 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 annualized dividend and a dividend yield of 0.56%. Costco Wholesale’s dividend payout ratio 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.