832 Shares in Costco Wholesale Corporation (NASDAQ:COST) Acquired by Goodman Advisory Group LLC

Goodman Advisory Group LLC purchased a new position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 832 shares of the retailer's stock, valued at approximately $787,000.

A number of other large investors also recently modified their holdings of COST. Geode Capital Management LLC raised its stake in Costco Wholesale by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after buying an additional 252,118 shares in the last quarter. F&V Capital Management LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter worth about $236,000. AMJ Financial Wealth Management lifted its stake in Costco Wholesale by 2.6% during the fourth quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer's stock worth $9,654,000 after purchasing an additional 270 shares during the last quarter. Umpqua Bank boosted its holdings in Costco Wholesale by 14.7% in the fourth quarter. Umpqua Bank now owns 4,507 shares of the retailer's stock valued at $4,134,000 after purchasing an additional 577 shares in the last quarter. Finally, Curat Global LLC purchased a new position in Costco Wholesale in the first quarter valued at approximately $241,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on COST shares. JPMorgan Chase & Co. boosted their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Tuesday, June 3rd. Evercore ISI dropped their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Truist Financial boosted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Finally, Mizuho initiated coverage on Costco Wholesale in a research report on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price for the company. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,034.79.

Insiders Place Their Bets

In related news, EVP James C. Klauer sold 4,000 shares of the firm's 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 completion of the sale, the executive vice president now owns 43,994 shares in the company, valued at $43,161,193.58. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the transaction, the executive vice president now owns 8,210 shares in the company, valued at $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,547 shares of company stock worth $9,496,950. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Trading Up 0.2%

Shares of Costco Wholesale stock opened at $985.14 on Monday. The firm has a market cap of $436.89 billion, a price-to-earnings ratio of 55.88, a price-to-earnings-growth ratio of 5.82 and a beta of 1.00. Costco Wholesale Corporation has a 52-week low of $793.00 and a 52-week high of $1,078.24. The company's 50-day simple moving average is $1,003.90 and its 200-day simple moving average is $981.05. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

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

Costco Wholesale Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.