Capital Advisors Ltd. LLC Acquires 30 Shares of Costco Wholesale Co. (NASDAQ:COST)

Capital Advisors Ltd. LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,294 shares of the retailer’s stock after acquiring an additional 30 shares during the period. Capital Advisors Ltd. LLC’s holdings in Costco Wholesale were worth $854,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $477,000. Impact Partnership Wealth LLC boosted its holdings in shares of Costco Wholesale by 63.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 113 shares of the retailer’s stock worth $64,000 after buying an additional 44 shares during the period. Park Place Capital Corp boosted its holdings in shares of Costco Wholesale by 9.8% during the 3rd quarter. Park Place Capital Corp now owns 1,044 shares of the retailer’s stock worth $590,000 after buying an additional 93 shares during the period. Inscription Capital LLC boosted its holdings in shares of Costco Wholesale by 9.6% during the 3rd quarter. Inscription Capital LLC now owns 956 shares of the retailer’s stock worth $540,000 after buying an additional 84 shares during the period. Finally, Kiley Juergens Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 1.8% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 33,484 shares of the retailer’s stock worth $18,917,000 after buying an additional 593 shares during the period. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wells Fargo & Company upped 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. Tigress Financial increased their price target on shares of Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a report on Friday, March 15th. Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target for the company. in a report on Wednesday, April 3rd. Citigroup increased their price target on shares of Costco Wholesale from $630.00 to $710.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Loop Capital reduced their price target on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $694.48.

Insider Activity

In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,727 shares of company stock valued at $2,682,948. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Up 0.2 %

Shares of NASDAQ COST traded up $1.21 during mid-day trading on Wednesday, hitting $723.89. The company’s stock had a trading volume of 1,203,546 shares, compared to its average volume of 2,067,977. The stock has a market cap of $321.05 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 4.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08. The company’s fifty day simple moving average is $730.32 and its 200-day simple moving average is $664.04.

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

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, April 25th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) is 26.68%.

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.