Falcon Wealth Planning Buys 4,527 Shares of Costco Wholesale Corporation $COST

Falcon Wealth Planning increased its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 72.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,786 shares of the retailer's stock after purchasing an additional 4,527 shares during the quarter. Costco Wholesale makes up approximately 0.8% of Falcon Wealth Planning's investment portfolio, making the stock its 22nd biggest position. Falcon Wealth Planning's holdings in Costco Wholesale were worth $9,301,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC raised its holdings in Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer's stock worth $31,000 after purchasing an additional 18 shares during the period. Joseph Group Capital Management bought a new position in Costco Wholesale in the 4th quarter worth $33,000. Abich Financial Wealth Management LLC bought a new position in Costco Wholesale in the 3rd quarter worth $34,000. Collier Financial bought a new position in Costco Wholesale in the 3rd quarter worth $35,000. Finally, AXS Investments LLC bought a new position in Costco Wholesale in the 3rd quarter worth $36,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent analyst reports. Truist Financial raised their price target on Costco Wholesale from $926.00 to $977.00 and gave the company a "hold" rating in a report on Friday, March 6th. Wells Fargo & Company raised their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Thursday, April 9th. Raymond James Financial raised their price target on Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an "outperform" rating in a report on Friday, March 6th. Roth Mkm reissued a "sell" rating on shares of Costco Wholesale in a report on Wednesday, February 4th. Finally, Robert W. Baird set a $1,100.00 price target on Costco Wholesale in a report on Thursday, February 5th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,045.97.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,012.79 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business's 50-day simple moving average is $996.93 and its two-hundred day simple moving average is $950.04. The stock has a market cap of $449.32 billion, a PE ratio of 52.67, a P/E/G ratio of 4.98 and a beta of 0.92. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,067.08.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The retailer reported $4.58 earnings per share for the quarter, beating analysts' consensus estimates of $4.55 by $0.03. The firm had revenue of $69.60 billion during the quarter, compared to analyst estimates of $68.96 billion. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.02 earnings per share. As a group, analysts forecast that Costco Wholesale Corporation will post 20.32 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $1.47 per share. The ex-dividend date is Friday, May 1st. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale's dividend payout ratio (DPR) is 30.58%.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 730 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the completion of the transaction, the executive vice president owned 6,121 shares in the company, valued at $6,139,485.42. This trade represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Costco Wholesale Company Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company's product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco's business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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