583 Shares in Costco Wholesale Corporation $COST Purchased by Pathfinder Wealth Consulting Inc.

Pathfinder Wealth Consulting Inc. purchased a new position in Costco Wholesale Corporation (NASDAQ:COSTFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 583 shares of the retailer’s stock, valued at approximately $503,000.

A number of other institutional investors also recently bought and sold shares of COST. Hurley Capital LLC raised its stake in Costco Wholesale by 120.0% in the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after buying an additional 18 shares in the last quarter. Entrust Financial LLC bought a new position in Costco Wholesale in the fourth quarter worth about $31,000. Joseph Group Capital Management bought a new position in Costco Wholesale in the fourth quarter worth about $33,000. Abich Financial Wealth Management LLC bought a new position in Costco Wholesale in the third quarter worth about $34,000. Finally, Collier Financial bought a new position in Costco Wholesale in the third quarter worth about $35,000. 68.48% of the stock is owned by institutional investors.

Trending Headlines about Costco Wholesale

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Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 730 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the sale, the executive vice president owned 6,121 shares in the company, valued at $6,139,485.42. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $1,028.24 on Friday. The stock has a market cap of $456.18 billion, a PE ratio of 53.47, a price-to-earnings-growth ratio of 5.06 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The firm’s 50-day simple moving average is $1,007.87 and its two-hundred day simple moving average is $960.13.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The retailer reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.55 by $0.03. The business had revenue of $69.60 billion for the quarter, compared to analysts’ expectations of $68.96 billion. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.02 earnings per share. Analysts anticipate that Costco Wholesale Corporation will post 20.33 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, May 1st. Costco Wholesale’s dividend payout ratio is currently 30.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on COST shares. TD Cowen reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 6th. Truist Financial increased their price target on shares of Costco Wholesale from $926.00 to $977.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Raymond James Financial increased their price target on shares of Costco Wholesale from $1,000.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. BTIG Research reissued a “buy” rating and issued a $1,115.00 price target on shares of Costco Wholesale in a research note on Thursday, March 5th. Finally, Roth Mkm restated a “sell” rating on shares of Costco Wholesale in a report on Wednesday, February 4th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,052.60.

View Our Latest Research Report on Costco Wholesale

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

See Also

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

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