Breakthru Advisory Services LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 431 shares of the retailer's stock, valued at approximately $395,000.
A number of other large investors also recently bought and sold shares of the stock. Grassi Investment Management boosted its stake in shares of Costco Wholesale by 6.5% during the 4th quarter. Grassi Investment Management now owns 5,155 shares of the retailer's stock worth $4,723,000 after acquiring an additional 315 shares in the last quarter. Capital & Planning LLC raised its holdings in Costco Wholesale by 28.7% in the 4th quarter. Capital & Planning LLC now owns 3,756 shares of the retailer's stock worth $3,441,000 after purchasing an additional 837 shares during the period. Redmond Asset Management LLC purchased a new position in Costco Wholesale during the fourth quarter worth approximately $1,214,000. May Barnhard Investments LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $485,000. Finally, Ironwood Wealth Management LLC. increased its position in shares of Costco Wholesale by 0.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer's stock valued at $3,529,000 after buying an additional 22 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Costco Wholesale
In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This trade represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,600 shares of company stock worth $9,140,195. Company insiders own 0.18% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target on the stock. Loop Capital dropped 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 research report on Wednesday, April 9th. Robert W. Baird boosted 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 research note on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Costco Wholesale in a research note on Wednesday. Finally, DA Davidson raised their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,024.03.
Read Our Latest Research Report on COST
Costco Wholesale Stock Down 0.7%
Shares of NASDAQ COST opened at $1,018.13 on Friday. The company has a market capitalization of $451.73 billion, a P/E ratio of 59.78, a P/E/G ratio of 6.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a 50 day simple moving average of $971.00 and a 200-day simple moving average of $971.25. Costco Wholesale Co. has a 1 year low of $788.20 and a 1 year high of $1,078.24.
Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. On average, equities research analysts predict that Costco Wholesale Co. 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. Investors of record on Friday, May 2nd were given a dividend of $1.30 per share. 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 of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is presently 30.36%.
Costco Wholesale Profile
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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.
Further Reading
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