McAdam LLC Acquires 320 Shares of Costco Wholesale Corporation $COST

Key Points

• McAdam LLC increased its stake in Costco Wholesale Corporation by 39.3% during the second quarter, owning a total of 1,135 shares valued at approximately $1.12 million.
• Equities analysts have set a consensus price target of $1,061.30 for Costco, with 17 analysts rating it a "Buy" and 9 analysts issuing a "Hold" rating.
• Costco recently announced a quarterly dividend of $1.30 per share, reflecting an annualized dividend of $5.20 and a dividend yield of 0.6%.

McAdam LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 39.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,135 shares of the retailer's stock after purchasing an additional 320 shares during the quarter. McAdam LLC's holdings in Costco Wholesale were worth $1,123,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of COST. Corps Capital Advisors LLC grew its stake in shares of Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer's stock worth $1,463,000 after acquiring an additional 10 shares in the last quarter. Covestor Ltd grew its stake in shares of Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer's stock worth $119,000 after acquiring an additional 10 shares in the last quarter. Rooted Wealth Advisors Inc. grew its stake in shares of Costco Wholesale by 2.6% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer's stock worth $404,000 after acquiring an additional 11 shares in the last quarter. Bank & Trust Co grew its stake in shares of Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after acquiring an additional 11 shares in the last quarter. Finally, Amplius Wealth Advisors LLC grew its stake in shares of Costco Wholesale by 1.3% during the 1st quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer's stock worth $819,000 after acquiring an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COST shares. Loop Capital decreased 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 note on Thursday, May 29th. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Evercore ISI cut their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a report on Tuesday, June 17th. Truist Financial increased their price objective 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, JPMorgan Chase & Co. increased their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,061.30.

Insiders Place Their Bets

In other news, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company's stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares of the company's stock, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Down 0.2%

Shares of Costco Wholesale stock opened at $943.31 on Friday. The business has a fifty day simple moving average of $956.40 and a two-hundred day simple moving average of $970.87. Costco Wholesale Corporation has a 1 year low of $867.16 and a 1 year high of $1,078.23. The company has a market capitalization of $418.34 billion, a price-to-earnings ratio of 53.51, a P/E/G ratio of 5.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts' consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter last year, the firm earned $5.15 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. Research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale's dividend payout ratio (DPR) is currently 29.50%.

About Costco Wholesale

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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