Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP grew its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 11.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,164 shares of the retailer's stock after acquiring an additional 531 shares during the period. Costco Wholesale accounts for 0.9% of Mirador Capital Partners LP's holdings, making the stock its 29th biggest holding. Mirador Capital Partners LP's holdings in Costco Wholesale were worth $4,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $31,000. NewSquare Capital LLC boosted its stake in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after purchasing an additional 25 shares in the last quarter. Collier Financial bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Finally, Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after purchasing an additional 16 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the sale, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,600 shares of company stock worth $9,140,195. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research report on Friday. Mizuho initiated coverage on shares of Costco Wholesale in a research report on Friday, April 11th. They set a "neutral" rating and a $975.00 target price for the company. Cowen reissued a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Truist Financial increased their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday. Finally, Evercore ISI increased their target price on shares of Costco Wholesale from $1,070.00 to $1,075.00 and gave the company an "outperform" rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,035.32.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded up $16.67 during trading on Monday, hitting $1,056.85. 2,146,355 shares of the company's stock were exchanged, compared to its average volume of 2,052,279. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business has a 50-day simple moving average of $983.85 and a 200-day simple moving average of $975.99. Costco Wholesale Co. has a 52-week low of $793.00 and a 52-week high of $1,078.24. The stock has a market capitalization of $468.91 billion, a price-to-earnings ratio of 62.06, a PEG ratio of 6.15 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating the consensus estimate of $4.24 by $0.04. The company had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $3.78 earnings per share. On average, research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently declared 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. This represents a $5.20 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, May 2nd. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio (DPR) is currently 30.36%.

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.