Kolinsky Wealth Management LLC Has $1.04 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Kolinsky Wealth Management LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,134 shares of the retailer’s stock after purchasing an additional 36 shares during the period. Costco Wholesale accounts for 0.6% of Kolinsky Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Kolinsky Wealth Management LLC’s holdings in Costco Wholesale were worth $1,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of COST. Continuum Advisory LLC lifted its holdings in shares of Costco Wholesale by 1.0% during the 4th quarter. Continuum Advisory LLC now owns 4,353 shares of the retailer’s stock worth $3,989,000 after acquiring an additional 42 shares during the period. White Knight Strategic Wealth Advisors LLC increased its holdings in Costco Wholesale by 90.1% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 1,836 shares of the retailer’s stock valued at $1,682,000 after purchasing an additional 870 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $117,000. Principal Street Partners LLC increased its position in shares of Costco Wholesale by 3.6% during the fourth quarter. Principal Street Partners LLC now owns 1,003 shares of the retailer’s stock worth $919,000 after buying an additional 35 shares during the period. Finally, Delta Investment Management LLC lifted its stake in shares of Costco Wholesale by 13.4% in the 4th quarter. Delta Investment Management LLC now owns 574 shares of the retailer’s stock valued at $526,000 after purchasing an additional 68 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 0.2%

NASDAQ COST opened at $1,036.82 on Wednesday. The stock has a 50 day moving average of $966.54 and a 200-day moving average of $969.95. Costco Wholesale Co. has a 12 month low of $788.20 and a 12 month high of $1,078.24. The company has a market cap of $460.02 billion, a PE ratio of 60.88, a PEG ratio of 6.15 and a beta of 1.00. 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 issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. On average, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were paid 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 0.50%. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s dividend payout ratio is 30.36%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale 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 transaction, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. This trade represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 directly owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This trade represents a 8.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,600 shares of company stock valued at $9,140,195. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Robert W. Baird upped their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Evercore ISI upped 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. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, May 5th. Finally, Loop Capital dropped their price target on Costco Wholesale from $1,150.00 to $1,045.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,024.03.

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.