Cache Advisors LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Cache Advisors LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 423 shares of the retailer's stock, valued at approximately $388,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Investment Management Corp VA ADV bought a new stake in Costco Wholesale in the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $31,000. NewSquare Capital LLC increased its holdings in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after buying an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at $33,000. Finally, Collier Financial bought a new stake in Costco Wholesale in the 4th quarter valued at $35,000. Institutional investors own 68.48% of the company's stock.

Insider Activity at Costco Wholesale

In related news, EVP James C. Klauer sold 4,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the sale, the executive vice president now directly owns 43,994 shares of the company's stock, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. The trade was a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,600 shares of company stock worth $9,140,195 in the last ninety days. Company insiders own 0.18% of the company's stock.

Costco Wholesale Trading Up 0.9%

Shares of NASDAQ:COST traded up $9.29 during mid-day trading on Tuesday, reaching $1,017.79. The stock had a trading volume of 1,863,555 shares, compared to its average volume of 2,050,980. The firm has a market cap of $451.58 billion, a PE ratio of 59.76, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The firm has a 50 day simple moving average of $975.30 and a two-hundred day simple moving average of $973.43. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $788.20 and a twelve month high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.51%. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is currently 30.36%.

Wall Street Analysts Forecast Growth

COST has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Costco Wholesale in a report on Wednesday, May 21st. Loop Capital lowered their target price on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Mizuho initiated coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price on the stock. Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Finally, DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of "Moderate Buy" and a consensus target price of $1,024.03.

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.