Envestnet Portfolio Solutions Inc. Purchases 1,207 Shares of Costco Wholesale Co. (NASDAQ:COST)

Envestnet Portfolio Solutions Inc. lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,869 shares of the retailer’s stock after acquiring an additional 1,207 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Costco Wholesale were worth $30,117,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Ascent Capital Management LLC acquired a new stake in Costco Wholesale in the 4th quarter worth about $912,000. Pollock Investment Advisors LLC bought a new position in shares of Costco Wholesale during the fourth quarter worth approximately $1,457,000. Tidemark LLC raised its position in shares of Costco Wholesale by 17.0% in the fourth quarter. Tidemark LLC now owns 371 shares of the retailer’s stock valued at $340,000 after buying an additional 54 shares in the last quarter. one8zero8 LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $3,907,000. Finally, Choate Investment Advisors lifted its position in shares of Costco Wholesale by 13.7% during the 4th quarter. Choate Investment Advisors now owns 9,356 shares of the retailer’s stock valued at $8,573,000 after acquiring an additional 1,129 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This represents a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 1.5 %

COST opened at $903.92 on Friday. The stock has a market cap of $401.25 billion, a PE ratio of 53.08, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81. 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 Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a fifty day moving average of $989.80 and a 200-day moving average of $944.47.

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

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Cowen reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Evercore ISI increased their price target on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,030.43.

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.