Scissortail Wealth Management LLC Has $1.58 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Scissortail Wealth Management LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 372.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,272 shares of the retailer’s stock after acquiring an additional 1,791 shares during the period. Scissortail Wealth Management LLC’s holdings in Costco Wholesale were worth $1,577,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Richelieu Gestion SA acquired a new stake in Costco Wholesale during the fourth quarter worth about $25,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Costco Wholesale during the fourth quarter worth about $26,000. Morton Brown Family Wealth LLC grew its stake in Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after buying an additional 30 shares in the last quarter. Steph & Co. grew its stake in Costco Wholesale by 42.3% during the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after buying an additional 22 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Costco Wholesale during the fourth quarter worth about $49,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the sale, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction that occurred on 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 directly owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. Insiders sold a total of 13,442 shares of company stock valued at $9,303,768 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Down 0.3 %

Costco Wholesale stock traded down $2.31 during mid-day trading on Tuesday, hitting $715.97. 1,411,594 shares of the stock were exchanged, compared to its average volume of 2,111,535. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a 12 month low of $476.75 and a 12 month high of $787.08. The firm’s fifty day simple moving average is $730.82 and its two-hundred day simple moving average is $657.77. The stock has a market capitalization of $317.53 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 4.87 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 the consensus estimate of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The firm had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same quarter last year, the business earned $3.30 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. Analysts forecast that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.65%. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Wall Street Analyst Weigh In

COST has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. Truist Financial increased their target price on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday. Roth Mkm increased their target price on shares of Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Tigress Financial increased their target price on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $691.28.

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.