Brooklyn FI LLC Makes New $555,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

Brooklyn FI LLC purchased a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 618 shares of the retailer's stock, valued at approximately $555,000.

Several other large investors also recently made changes to their positions in COST. Norges Bank acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $5,182,316,000. Proficio Capital Partners LLC boosted its stake in Costco Wholesale by 74,796.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer's stock valued at $1,394,465,000 after purchasing an additional 1,519,861 shares during the period. Leigh Baldwin & CO. LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at approximately $95,452,000. Strategic Financial Concepts LLC increased its position in Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer's stock worth $729,476,000 after buying an additional 795,345 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Costco Wholesale by 12.6% during the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock worth $4,817,573,000 after buying an additional 587,303 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

Analyst Ratings Changes

COST has been the subject of several research reports. Mizuho began coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price for the company. Loop Capital set a $1,045.00 price target on shares of Costco Wholesale and gave the company a "buy" rating in a report on Thursday. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research report on Thursday. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,030.32.

Insider Activity

In related news, EVP Claudine Adamo sold 900 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. This trade represents a 11.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary Millerchip sold 1,100 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares of the company's stock, valued at approximately $10,495,211.65. The trade was a 8.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,600 shares of company stock valued at $9,140,195 over the last three months. Insiders own 0.18% of the company's stock.

Costco Wholesale Stock Up 3.6%

Costco Wholesale stock traded up $36.16 during trading hours on Friday, hitting $1,044.90. 2,471,763 shares of the stock traded hands, compared to its average volume of 2,238,793. Costco Wholesale Co. has a one year low of $788.20 and a one year high of $1,078.23. The firm's 50-day moving average price is $981.48 and its two-hundred day moving average price is $974.53. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $463.60 billion, a PE ratio of 61.35, a PEG ratio of 6.15 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same period last year, the business earned $3.78 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. On average, research analysts forecast that Costco Wholesale Co. will post 18.03 EPS 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. The ex-dividend date of this dividend was Friday, May 2nd. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a dividend yield of 0.50%. Costco Wholesale's dividend payout ratio (DPR) is 30.36%.

Costco Wholesale 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.