Insigneo Advisory Services LLC Purchases 484 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Insigneo Advisory Services LLC raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 9.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,410 shares of the retailer's stock after purchasing an additional 484 shares during the period. Costco Wholesale makes up approximately 0.5% of Insigneo Advisory Services LLC's holdings, making the stock its 27th largest holding. Insigneo Advisory Services LLC's holdings in Costco Wholesale were worth $5,116,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new stake in Costco Wholesale in the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $31,000. NewSquare Capital LLC increased its holdings in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after buying an additional 25 shares during the period. Clear Investment Research LLC increased its holdings in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after buying an additional 10 shares during the period. Finally, Capital A Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at about $58,000. Institutional investors own 68.48% of the company's stock.

Insider Activity

In related news, EVP Gary Millerchip sold 1,100 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the transaction, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. The trade was a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. This represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock worth $10,825,205 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

Shares of COST opened at $977.72 on Wednesday. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.24. The firm's 50-day simple moving average is $1,002.19 and its two-hundred day simple moving average is $981.16. The stock has a market cap of $433.60 billion, a PE ratio of 55.46, a price-to-earnings-growth ratio of 5.81 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02.

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

Costco Wholesale Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on COST. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Tuesday, June 3rd. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. raised their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Loop Capital dropped their price target on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and a consensus price target of $1,034.79.

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.

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