FSB Premier Wealth Management Inc. Has $324,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

FSB Premier Wealth Management Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 353 shares of the retailer’s stock after buying an additional 16 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Costco Wholesale were worth $324,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $5,182,316,000. Proficio Capital Partners LLC raised its holdings in shares of Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after acquiring an additional 1,519,861 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Vanguard Group Inc. increased its position in Costco Wholesale by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer’s stock worth $38,668,069,000 after purchasing an additional 455,043 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.7 %

Shares of COST opened at $945.78 on Tuesday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The stock has a market cap of $419.63 billion, a price-to-earnings ratio of 55.54, a P/E/G ratio of 6.15 and a beta of 0.82. The company has a 50-day moving average price of $988.13 and a two-hundred day moving average price of $947.08. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

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

Costco Wholesale Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Evercore ISI raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. DA Davidson increased their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Loop Capital reduced their price target on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Jefferies Financial Group increased their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,029.00.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock worth $5,215,915 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.