TCI Wealth Advisors Inc. Has $3.85 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

TCI Wealth Advisors Inc. decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,838 shares of the retailer’s stock after selling 283 shares during the period. TCI Wealth Advisors Inc.’s holdings in Costco Wholesale were worth $3,854,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of COST. International Assets Investment Management LLC boosted its position in shares of Costco Wholesale by 61,693.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after buying an additional 3,100,099 shares during the last quarter. C WorldWide Group Holding A S purchased a new position in Costco Wholesale in the third quarter worth $390,630,000. Alphinity Investment Management Pty Ltd purchased a new position in Costco Wholesale in the fourth quarter worth $297,915,000. Invesco Ltd. boosted its position in Costco Wholesale by 18.3% in the third quarter. Invesco Ltd. now owns 2,088,673 shares of the retailer’s stock worth $1,180,016,000 after purchasing an additional 323,346 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Costco Wholesale by 34.8% in the third quarter. Canada Pension Plan Investment Board now owns 1,161,630 shares of the retailer’s stock worth $656,274,000 after purchasing an additional 300,000 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI boosted their price objective on Costco Wholesale from $795.00 to $805.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. DA Davidson reissued a “neutral” rating and issued a $680.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $800.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 11th. Loop Capital lowered their target price on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, Oppenheimer boosted their target price on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $694.48.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the transaction, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the transaction, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The disclosure for this sale can be found here. In the last three months, insiders sold 3,727 shares of company stock worth $2,682,948. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

NASDAQ COST traded up $11.46 during trading on Friday, reaching $743.90. The company’s stock had a trading volume of 2,323,300 shares, compared to its average volume of 1,605,560. The stock has a market capitalization of $329.92 billion, a PE ratio of 48.65, a P/E/G ratio of 4.95 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The firm has a fifty day moving average of $730.46 and a 200 day moving average of $673.08. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.30 EPS. Analysts expect that Costco Wholesale Co. will post 15.84 EPS 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. Shareholders of record on Friday, April 26th will be paid a $1.16 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s dividend payout ratio is currently 30.35%.

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.