XY Planning Network Inc. Buys New Stake in Costco Wholesale Co. (NASDAQ:COST)

XY Planning Network Inc. purchased a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 368 shares of the retailer's stock, valued at approximately $338,000.

Other hedge funds have also made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $31,000. NewSquare Capital LLC lifted its position in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after buying an additional 25 shares in the last quarter. Collier Financial purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $35,000. Finally, Barrett & Company Inc. lifted its position in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the business's 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 transaction, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. The trade was a 11.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gary Millerchip sold 1,100 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the transaction, the executive vice president now owns 11,165 shares in the company, valued at approximately $10,495,211.65. The trade was a 8.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,600 shares of company stock worth $9,140,195. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

NASDAQ:COST traded down $4.65 during midday trading on Wednesday, reaching $1,013.14. The stock had a trading volume of 1,666,401 shares, compared to its average volume of 2,049,464. Costco Wholesale Co. has a 1-year low of $788.20 and a 1-year high of $1,078.24. The firm's fifty day simple moving average is $977.74 and its 200-day simple moving average is $973.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $449.51 billion, a P/E ratio of 59.49, a PEG ratio of 6.15 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. On average, equities research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. This represents a $5.20 annualized dividend and a dividend yield of 0.51%. Costco Wholesale's payout ratio is presently 30.36%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. Truist Financial increased 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. Loop Capital cut their target price on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. DA Davidson increased their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. Cowen reiterated a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Robert W. Baird increased 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. Ten equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,024.03.

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.