G2 Capital Management LLC OH Takes Position in Costco Wholesale Corporation (NASDAQ:COST)

G2 Capital Management LLC OH purchased a new position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 344 shares of the retailer's stock, valued at approximately $326,000.

Other institutional investors have also bought and sold shares of the company. SRN Advisors LLC lifted its holdings in Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock worth $2,823,000 after buying an additional 10 shares in the last quarter. Miramar Capital LLC lifted its holdings in Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock worth $481,000 after buying an additional 10 shares in the last quarter. Clear Investment Research LLC lifted its holdings in Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after buying an additional 10 shares in the last quarter. Peninsula Wealth LLC lifted its holdings in Costco Wholesale by 1.2% during the 4th quarter. Peninsula Wealth LLC now owns 818 shares of the retailer's stock worth $749,000 after buying an additional 10 shares in the last quarter. Finally, Bosun Asset Management LLC lifted its holdings in Costco Wholesale by 1.6% during the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer's stock worth $583,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COST shares. Wall Street Zen upgraded shares of Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Robert W. Baird increased their target price on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Truist Financial raised their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Mizuho began coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective on the stock. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Tuesday, June 3rd. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and an average target price of $1,034.79.

Costco Wholesale Stock Up 0.2%

Shares of NASDAQ COST traded up $2.23 during mid-day trading on Friday, reaching $985.14. The company had a trading volume of 2,128,085 shares, compared to its average volume of 2,073,172. Costco Wholesale Corporation has a 52-week low of $793.00 and a 52-week high of $1,078.24. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The stock has a market cap of $436.89 billion, a P/E ratio of 55.88, a PEG ratio of 5.82 and a beta of 1.00. The firm has a 50 day simple moving average of $1,003.90 and a two-hundred day simple moving average of $981.10.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. During the same period last year, the firm posted $3.78 EPS. Costco Wholesale's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a dividend of $1.30 per share. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.

Insiders Place Their Bets

In other news, EVP James C. Klauer sold 4,000 shares of Costco Wholesale stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total value of $3,924,280.00. Following the sale, the executive vice president now owns 43,994 shares of the company's stock, valued at $43,161,193.58. The trade was a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director now directly owns 11,531 shares in the company, valued at approximately $11,300,380. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,547 shares of company stock valued at $9,496,950. Insiders own 0.18% of the company's stock.

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.