Mission Creek Capital Partners Inc. Purchases 106 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mission Creek Capital Partners Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,401 shares of the retailer’s stock after acquiring an additional 106 shares during the quarter. Costco Wholesale accounts for approximately 1.3% of Mission Creek Capital Partners Inc.’s investment portfolio, making the stock its 19th biggest position. Mission Creek Capital Partners Inc.’s holdings in Costco Wholesale were worth $6,781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Synergy Investment Management LLC acquired a new position in Costco Wholesale in the fourth quarter valued at about $31,000. NewSquare Capital LLC grew its stake in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at about $33,000. Collier Financial acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $35,000. Finally, Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST stock opened at $977.16 on Friday. The stock has a market capitalization of $433.55 billion, a PE ratio of 57.38, a PEG ratio of 6.15 and a beta of 0.95. The business’s 50 day simple moving average is $966.46 and its 200 day simple moving average is $955.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $715.32 and a one year high of $1,078.24.

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

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a dividend of $1.30 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Friday, May 2nd. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COST shares. JPMorgan Chase & Co. lifted their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, April 10th. Cowen reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. DA Davidson raised their price objective on 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, Truist Financial lifted their target price on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,024.03.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the transaction, the executive vice president now owns 11,165 shares in the company, valued at $10,495,211.65. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,600 shares of company stock valued at $9,140,195. Corporate insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.