Capital Advisors Wealth Management LLC Acquires 250 Shares of Costco Wholesale Co. (NASDAQ:COST)

Capital Advisors Wealth Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,493 shares of the retailer’s stock after buying an additional 250 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Costco Wholesale were worth $4,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Richelieu Gestion SA purchased a new stake in Costco Wholesale during the 4th quarter valued at $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth about $26,000. Morton Brown Family Wealth LLC grew its holdings in Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Costco Wholesale in the 4th quarter worth about $30,000. Finally, Vima LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In other news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.5 %

Shares of COST stock traded up $4.00 during trading hours on Tuesday, hitting $852.16. The company had a trading volume of 214,458 shares, compared to its average volume of 1,968,432. The company’s fifty day moving average is $790.73 and its 200 day moving average is $734.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. Costco Wholesale Co. has a fifty-two week low of $521.26 and a fifty-two week high of $873.96. The stock has a market capitalization of $377.79 billion, a PE ratio of 52.55, a price-to-earnings-growth ratio of 5.61 and a beta of 0.79.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The company had revenue of $58.52 billion for the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.43 EPS. Research analysts expect that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a dividend of $1.16 per share. The ex-dividend date was Thursday, April 25th. This is a positive change 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 0.54%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Wall Street Analyst Weigh In

Several analysts have issued reports on COST shares. Tigress Financial increased their target price on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a research note on Wednesday, April 3rd. Citigroup increased their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. BMO Capital Markets restated an “outperform” rating and set a $875.00 target price (up from $800.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Finally, Stifel Nicolaus increased their price target on Costco Wholesale from $800.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $752.96.

Check Out Our Latest Analysis on COST

About Costco Wholesale

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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