Scissortail Wealth Management LLC Acquires 1,791 Shares of Costco Wholesale Co. (NASDAQ:COST)

Scissortail Wealth Management LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 372.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,272 shares of the retailer’s stock after purchasing an additional 1,791 shares during the quarter. Scissortail Wealth Management LLC’s holdings in Costco Wholesale were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COST. Moneta Group Investment Advisors LLC raised its holdings in shares of Costco Wholesale by 118,320.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after purchasing an additional 7,390,278 shares in the last quarter. Norges Bank acquired a new position in Costco Wholesale in the 4th quarter valued at $2,328,844,000. International Assets Investment Management LLC grew its stake in Costco Wholesale by 61,693.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after buying an additional 3,100,099 shares during the last quarter. Morgan Stanley grew its stake in Costco Wholesale by 18.0% in the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after buying an additional 1,315,174 shares during the last quarter. Finally, Barclays PLC grew its stake in Costco Wholesale by 172.6% in the 2nd quarter. Barclays PLC now owns 1,357,548 shares of the retailer’s stock valued at $730,877,000 after buying an additional 859,599 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction dated 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 directly owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction that occurred on 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 completion of the sale, the director now owns 216,212 shares in the company, valued at approximately $148,306,297.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Yoram Rubanenko sold 2,500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the sale, the vice president now owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,442 shares of company stock valued at $9,303,768. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

COST stock traded down $2.31 during trading on Tuesday, hitting $715.97. 1,411,594 shares of the stock traded hands, compared to its average volume of 2,111,535. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08. The stock has a market cap of $317.53 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 4.87 and a beta of 0.77. The company has a 50 day simple moving average of $730.82 and a 200 day simple moving average of $657.77. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same period last year, the firm posted $3.30 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $1.16 dividend. The ex-dividend date is Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.65%. Costco Wholesale’s payout ratio is currently 26.68%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Evercore ISI raised their target price on shares of Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Gordon Haskett lowered shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a research note on Wednesday, April 3rd. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Oppenheimer raised their price target on shares of Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $691.28.

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.