Nadler Financial Group Inc. Has $2.02 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Nadler Financial Group Inc. raised its position in Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,063 shares of the retailer’s stock after acquiring an additional 75 shares during the period. Nadler Financial Group Inc.’s holdings in Costco Wholesale were worth $2,022,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COST. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $25,000. Morton Brown Family Wealth LLC raised its holdings in shares of Costco Wholesale by 200.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after buying an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Costco Wholesale during the 4th quarter worth approximately $30,000. Steph & Co. grew its position in Costco Wholesale by 42.3% during the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after acquiring an additional 22 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in Costco Wholesale during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares in the company, valued at $4,785,786.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Russell D. Miller sold 785 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,727 shares of company stock worth $2,682,948. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a research report on Wednesday, April 3rd. The Goldman Sachs Group increased their price target on Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Evercore ISI increased their price objective on Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Roth Mkm raised their price target on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $694.48.

Costco Wholesale Stock Performance

Costco Wholesale stock traded up $6.58 during midday trading on Friday, reaching $728.44. 450,093 shares of the company’s stock were exchanged, compared to its average volume of 2,042,269. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm has a market cap of $323.06 billion, a price-to-earnings ratio of 47.62, a P/E/G ratio of 4.82 and a beta of 0.77. The stock’s 50-day simple moving average is $730.31 and its 200 day simple moving average is $664.86.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a $1.16 dividend. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s payout ratio is 26.68%.

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.