Mosaic Family Wealth Partners LLC Has $915,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Mosaic Family Wealth Partners LLC lifted its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,386 shares of the retailer’s stock after buying an additional 50 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Costco Wholesale were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Howard Financial Services LTD. increased its holdings in Costco Wholesale by 1.8% in the 4th quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock worth $574,000 after acquiring an additional 15 shares during the last quarter. First National Corp MA ADV raised its position in shares of Costco Wholesale by 0.5% in the fourth quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 15 shares during the period. Morton Capital Management LLC CA lifted its stake in shares of Costco Wholesale by 1.0% during the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after buying an additional 15 shares in the last quarter. Insight Advisors LLC PA grew its stake in Costco Wholesale by 0.6% in the 4th quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock valued at $1,807,000 after buying an additional 15 shares in the last quarter. Finally, Optas LLC raised its holdings in Costco Wholesale by 0.6% during the 4th quarter. Optas LLC now owns 2,383 shares of the retailer’s stock valued at $1,573,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, Director W Craig Jelinek sold 8,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the transaction, the director now owns 216,212 shares in the company, valued at $148,306,297.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the sale, the director now directly owns 216,212 shares in the company, valued at $148,306,297.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction on 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 owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,182 shares of company stock valued at $9,809,558. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Oppenheimer lifted their price target on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Gordon Haskett cut Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a research report on Wednesday, April 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $800.00 price objective on shares of Costco Wholesale in a research report on Thursday. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Finally, Truist Financial raised their price target on shares of Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $691.28.

View Our Latest Stock Report on Costco Wholesale

Costco Wholesale Trading Up 1.4 %

Costco Wholesale stock traded up $9.77 during trading hours on Thursday, reaching $732.35. The stock had a trading volume of 2,106,066 shares, compared to its average volume of 2,133,530. The company has a fifty day simple moving average of $729.68 and a 200-day simple moving average of $653.60. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. The stock has a market cap of $324.80 billion, a PE ratio of 47.84, a PEG ratio of 4.93 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.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the previous year, the business earned $3.30 EPS. Costco Wholesale’s revenue was up 5.7% compared to the same quarter last year. Analysts forecast that Costco Wholesale Co. will post 15.81 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.63%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is 26.68%.

About Costco Wholesale

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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