Talbot Financial LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,555 shares of the retailer’s stock, valued at approximately $6,644,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Canal Capital Management LLC boosted its holdings in Costco Wholesale by 8.5% in the 4th quarter. Canal Capital Management LLC now owns 563 shares of the retailer’s stock valued at $257,000 after purchasing an additional 44 shares during the period. TCG Advisory Services LLC boosted its holdings in Costco Wholesale by 2.6% in the 3rd quarter. TCG Advisory Services LLC now owns 817 shares of the retailer’s stock valued at $386,000 after purchasing an additional 21 shares during the period. united american securities inc. d b a uas asset management boosted its holdings in Costco Wholesale by 105.5% in the 3rd quarter. united american securities inc. d b a uas asset management now owns 41,525 shares of the retailer’s stock valued at $19,611,000 after purchasing an additional 21,319 shares during the period. Accurate Wealth Management LLC bought a new position in Costco Wholesale in the 4th quarter valued at $191,000. Finally, Capital Investment Advisors LLC boosted its holdings in Costco Wholesale by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 13,748 shares of the retailer’s stock valued at $6,276,000 after purchasing an additional 252 shares during the period. 66.03% of the stock is owned by institutional investors.
Insider Activity at Costco Wholesale
In related news, EVP Caton Frates sold 600 shares of the stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $497.35, for a total transaction of $298,410.00. Following the sale, the executive vice president now directly owns 4,320 shares of the company’s stock, valued at approximately $2,148,552. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by insiders.
Analysts Set New Price Targets
COST has been the topic of several research reports. Evercore ISI lowered their price objective on shares of Costco Wholesale from $545.00 to $535.00 in a research report on Thursday, April 6th. Oppenheimer restated an “outperform” rating and set a $550.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 6th. Telsey Advisory Group restated an “outperform” rating and set a $540.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 6th. TheStreet upgraded shares of Costco Wholesale from a “c” rating to a “b” rating in a research report on Thursday, March 23rd. Finally, Truist Financial decreased their price objective on Costco Wholesale from $571.00 to $568.00 in a report on Thursday, May 4th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $548.72.
Costco Wholesale Stock Up 1.0 %
NASDAQ:COST opened at $527.20 on Thursday. The firm’s 50-day moving average price is $501.51 and its 200-day moving average price is $492.38. The company has a market capitalization of $233.60 billion, a PE ratio of 39.05, a P/E/G ratio of 4.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.08 and a quick ratio of 0.57. Costco Wholesale Co. has a 1-year low of $443.20 and a 1-year high of $564.75.
Costco Wholesale (NASDAQ:COST – Get Rating) last released its earnings results on Thursday, May 25th. The retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.11. The firm had revenue of $53.65 billion for the quarter, compared to the consensus estimate of $54.58 billion. Costco Wholesale had a net margin of 2.55% and a return on equity of 28.18%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.17 EPS. On average, equities analysts predict that Costco Wholesale Co. will post 14.4 EPS for the current fiscal year.
Costco Wholesale Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 5th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 0.77%. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, May 4th. Costco Wholesale’s dividend payout ratio is 30.22%.
Costco Wholesale Profile
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
Read More
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST – Get Rating).
Receive News & Ratings for Costco Wholesale Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Costco Wholesale and related companies with MarketBeat.com’s FREE daily email newsletter.