Sandbox Financial Partners LLC Has $448,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sandbox Financial Partners LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 679 shares of the retailer’s stock after buying an additional 32 shares during the quarter. Sandbox Financial Partners LLC’s holdings in Costco Wholesale were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of COST. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $25,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $26,000. Steph & Co. raised its stake in shares of Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after buying an additional 22 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $49,000. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Costco Wholesale by 888.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after buying an additional 80 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $612.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Truist Financial upped their price objective on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Evercore ISI lifted their target price on shares of Costco Wholesale from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Tigress Financial boosted their target price on Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $668.50.

Costco Wholesale Trading Up 0.1 %

Shares of COST stock traded up $0.55 during trading hours on Thursday, hitting $732.63. 1,711,632 shares of the company’s stock traded hands, compared to its average volume of 2,158,359. The stock has a market cap of $324.92 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. The stock’s 50 day simple moving average is $724.29 and its 200 day simple moving average is $642.61. Costco Wholesale Co. has a 12 month low of $476.75 and a 12 month high of $787.08. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The business had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. During the same period in the previous year, the company earned $3.30 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 15.78 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 26.68%.

Insider Activity

In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the transaction, the vice president now owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Caton Frates sold 740 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total transaction of $505,790.00. Following the completion of the sale, the executive vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $4,593,803.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock valued at $10,736,778 over the last quarter. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.