Tyche Wealth Partners LLC Purchases Shares of 6,139 Costco Wholesale Co. (NASDAQ:COST)

Tyche Wealth Partners LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,139 shares of the retailer’s stock, valued at approximately $4,052,000. Costco Wholesale makes up 1.0% of Tyche Wealth Partners LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Arbor Trust Wealth Advisors LLC grew its holdings in Costco Wholesale by 1.3% during the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 5,356 shares of the retailer’s stock valued at $3,616,000 after buying an additional 70 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 0.6% in the 4th quarter. Avior Wealth Management LLC now owns 6,126 shares of the retailer’s stock worth $4,044,000 after purchasing an additional 38 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Costco Wholesale by 5.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,152 shares of the retailer’s stock worth $106,373,000 after purchasing an additional 7,866 shares during the period. West Paces Advisors Inc. boosted its holdings in shares of Costco Wholesale by 1.5% in the 4th quarter. West Paces Advisors Inc. now owns 1,263 shares of the retailer’s stock worth $833,000 after purchasing an additional 19 shares during the period. Finally, Everence Capital Management Inc. boosted its holdings in shares of Costco Wholesale by 9.8% in the 4th quarter. Everence Capital Management Inc. now owns 7,723 shares of the retailer’s stock worth $5,098,000 after purchasing an additional 690 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.3 %

Shares of COST traded down $2.31 during trading hours on Tuesday, hitting $715.97. The company had a trading volume of 1,411,594 shares, compared to its average volume of 2,111,535. The company has a market capitalization of $317.53 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 4.87 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08. The company’s fifty day moving average price is $730.82 and its two-hundred day moving average price is $657.77.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same period in the previous year, the company posted $3.30 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Costco Wholesale Co. will post 15.84 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.65%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s payout ratio is 26.68%.

Analyst Ratings Changes

A number of brokerages have recently commented on COST. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson reiterated a “neutral” rating and issued a $680.00 target price on shares of Costco Wholesale in a report on Thursday, April 11th. Evercore ISI lifted their target price on Costco Wholesale from $795.00 to $805.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Truist Financial lifted their target price on Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target for the company. in a research note on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $691.28.

Insider Buying and Selling

In related news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the transaction, the vice president now directly owns 5,910 shares in the company, valued at approximately $4,020,750.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction dated 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 sale, the director now owns 12,395 shares in the company, valued at approximately $8,967,534.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the sale, the vice president now owns 5,910 shares in the company, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. Insiders have sold a total of 13,442 shares of company stock worth $9,303,768 in the last ninety days. 0.18% of the stock is owned by insiders.

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.