Connecticut Wealth Management LLC Purchases 416 Shares of Costco Wholesale Co. (NASDAQ:COST)

Connecticut Wealth Management LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,011 shares of the retailer's stock after purchasing an additional 416 shares during the quarter. Connecticut Wealth Management LLC's holdings in Costco Wholesale were worth $7,340,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in COST. Regent Peak Wealth Advisors LLC raised its holdings in Costco Wholesale by 7.0% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,822 shares of the retailer's stock worth $1,670,000 after purchasing an additional 119 shares in the last quarter. Grassi Investment Management grew its position in shares of Costco Wholesale by 6.5% in the 4th quarter. Grassi Investment Management now owns 5,155 shares of the retailer's stock worth $4,723,000 after buying an additional 315 shares during the period. Capital & Planning LLC grew its position in shares of 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 buying an additional 837 shares during the period. Redmond Asset Management LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $1,214,000. Finally, May Barnhard Investments LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $485,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,025.30 on Thursday. Costco Wholesale Co. has a 12 month low of $788.20 and a 12 month high of $1,078.24. The stock has a market cap of $454.91 billion, a price-to-earnings ratio of 60.21, a PEG ratio of 6.15 and a beta of 1.00. The company's 50 day moving average is $968.97 and its two-hundred day moving average is $970.34. 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 (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. As a group, research analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

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

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The shares were 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 $43,161,193.58. This trade represents a 8.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction 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. This trade represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,600 shares of company stock valued at $9,140,195 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

COST has been the topic of a number of recent research reports. Truist Financial upped their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research report on Friday, March 7th. Robert W. Baird upped 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 report on Friday, March 7th. DA Davidson increased their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Sanford C. Bernstein reissued an "outperform" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Evercore ISI increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.

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