835 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Spartan Planning & Wealth Management

Spartan Planning & Wealth Management bought a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 835 shares of the retailer’s stock, valued at approximately $765,000.

Several other hedge funds have also recently added to or reduced their stakes in COST. Fermata Advisors LLC raised its holdings in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares in the last quarter. Sculati Wealth Management LLC raised its stake in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after acquiring an additional 11 shares in the last quarter. Perkins Coie Trust Co lifted its holdings in shares of Costco Wholesale by 0.3% in the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after acquiring an additional 12 shares during the last quarter. Firethorn Wealth Partners LLC grew its holdings in shares of Costco Wholesale by 3.5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after purchasing an additional 12 shares during the last quarter. Finally, Horizon Wealth Management LLC grew its holdings in shares of Costco Wholesale by 4.7% during the 3rd quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer’s stock valued at $237,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the transaction, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This represents a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,816 shares of company stock worth $6,981,347. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. DA Davidson upped their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 0.0 %

Shares of NASDAQ:COST traded up $0.44 during mid-day trading on Tuesday, hitting $923.15. The company had a trading volume of 821,223 shares, compared to its average volume of 1,533,372. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a one year low of $654.03 and a one year high of $1,008.25. The firm has a fifty day moving average price of $944.01 and a 200 day moving average price of $897.06. The company has a market capitalization of $409.79 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

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.