Avior Wealth Management LLC Purchases 38 Shares of Costco Wholesale Co. (NASDAQ:COST)

Avior Wealth Management LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,126 shares of the retailer’s stock after buying an additional 38 shares during the period. Avior Wealth Management LLC’s holdings in Costco Wholesale were worth $4,044,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COST. Morgan Stanley increased its position in shares of Costco Wholesale by 18.0% during the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after purchasing an additional 1,315,174 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Costco Wholesale by 118,320.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock worth $3,376,513,000 after purchasing an additional 7,390,278 shares in the last quarter. Northern Trust Corp increased its position in shares of Costco Wholesale by 4.3% during the 3rd quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock worth $2,901,040,000 after purchasing an additional 210,586 shares in the last quarter. Norges Bank acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $2,328,844,000. Finally, International Assets Investment Management LLC increased its position in shares of Costco Wholesale by 61,693.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock worth $2,049,630,000 after purchasing an additional 3,100,099 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on COST. Tigress Financial increased their price objective on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Truist Financial increased their price objective on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. DA Davidson reissued a “neutral” rating and set a $680.00 price objective on shares of Costco Wholesale in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Roth Mkm increased their price objective on shares of Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $691.28.

Insider Transactions at Costco Wholesale

In other news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the sale, the vice president now directly owns 5,910 shares in the company, valued at $4,020,750.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total value of $1,700,825.00. Following the sale, the vice president now directly owns 5,910 shares in the company, valued at $4,020,750.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the sale, the director now owns 12,395 shares in the company, valued at $8,967,534.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,442 shares of company stock worth $9,303,768. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded down $2.31 during trading on Tuesday, reaching $715.97. The company’s stock had a trading volume of 1,411,594 shares, compared to its average volume of 2,111,535. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The firm has a market cap of $317.53 billion, a PE ratio of 47.16, a P/E/G ratio of 4.87 and a beta of 0.77. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. The business’s 50-day moving average price is $730.82 and its 200-day moving average price is $657.77.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping the consensus estimate of $3.62 by $0.09. The firm had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 earnings per share. Equities analysts forecast that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s payout ratio is 26.68%.

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.