EverSource Wealth Advisors LLC Acquires 757 Shares of Costco Wholesale Co. (NASDAQ:COST)

EverSource Wealth Advisors LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,726 shares of the retailer’s stock after acquiring an additional 757 shares during the period. EverSource Wealth Advisors LLC’s holdings in Costco Wholesale were worth $9,827,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of COST. Proficio Capital Partners LLC grew its position in Costco Wholesale by 74,796.3% during the 4th 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 during the last quarter. Strategic Financial Concepts LLC grew its position in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after acquiring an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. grew its position in 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 acquiring an additional 382,367 shares during the last quarter. FMR LLC grew its position in Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after acquiring an additional 324,973 shares during the last quarter. Finally, Amundi grew its position in Costco Wholesale by 11.2% during the 4th quarter. Amundi now owns 2,299,535 shares of the retailer’s stock worth $2,132,519,000 after acquiring an additional 231,969 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on COST shares. Truist Financial increased their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Barclays increased their price objective on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Raymond James increased their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley increased their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $930.49 on Wednesday. The company has a market capitalization of $413.04 billion, a PE ratio of 54.64, a PEG ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $990.22 and its 200 day simple moving average is $944.64.

Costco Wholesale (NASDAQ:COST) last released 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). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. On average, research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.09%.

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.