362 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Peirce Capital Management LLC

Peirce Capital Management LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 362 shares of the retailer’s stock, valued at approximately $332,000.

A number of other hedge funds also recently made changes to their positions in the business. Global Wealth Strategies & Associates increased its holdings in shares of Costco Wholesale by 26.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 291 shares of the retailer’s stock worth $267,000 after acquiring an additional 60 shares during the last quarter. Independent Solutions Wealth Management LLC increased its holdings in shares of Costco Wholesale by 2.5% in the third quarter. Independent Solutions Wealth Management LLC now owns 20,817 shares of the retailer’s stock valued at $18,454,000 after purchasing an additional 514 shares during the last quarter. IMS Capital Management increased its holdings in shares of Costco Wholesale by 0.6% in the third quarter. IMS Capital Management now owns 3,816 shares of the retailer’s stock valued at $3,383,000 after purchasing an additional 22 shares during the last quarter. Legacy Wealth Management LLC MS raised its position in shares of Costco Wholesale by 2.7% in the third quarter. Legacy Wealth Management LLC MS now owns 4,033 shares of the retailer’s stock valued at $3,575,000 after purchasing an additional 106 shares during the period. Finally, DGS Capital Management LLC lifted its stake in shares of Costco Wholesale by 12.8% during the 3rd quarter. DGS Capital Management LLC now owns 756 shares of the retailer’s stock worth $671,000 after buying an additional 86 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COST shares. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. The Goldman Sachs Group boosted their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Finally, Melius Research started coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price for the company. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,011.74.

Insiders Place Their Bets

In other news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,816 shares of company stock valued at $6,981,347. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

Shares of COST stock traded down $8.28 on Thursday, reaching $907.99. The company had a trading volume of 1,309,886 shares, compared to its average volume of 1,942,804. The stock has a market capitalization of $403.06 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 6.02 and a beta of 0.82. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average is $942.54 and its 200 day moving average is $895.84. Costco Wholesale Co. has a one year low of $640.51 and a one year high of $1,008.25.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale 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.