Axxcess Wealth Management LLC Purchases 237 Shares of Costco Wholesale Co. (NASDAQ:COST)

Axxcess Wealth Management LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,501 shares of the retailer’s stock after buying an additional 237 shares during the period. Axxcess Wealth Management LLC’s holdings in Costco Wholesale were worth $14,201,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the third quarter valued at $29,000. Synergy Investment Management LLC bought a new stake in Costco Wholesale in the fourth quarter valued at $31,000. NewSquare Capital LLC increased its stake in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at $33,000. Finally, Collier Financial bought a new stake in Costco Wholesale in the fourth quarter valued at $35,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $916.61 on Tuesday. The company’s 50 day moving average is $989.68 and its 200-day moving average is $945.08. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $406.88 billion, a P/E ratio of 53.82, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

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

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Insider Buying and Selling

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on COST shares. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Loop Capital decreased their price target on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Evercore ISI lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Cowen reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,030.43.

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.