352 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Richmond Investment Services LLC

Richmond Investment Services LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, Holdings Channel reports. The fund bought 352 shares of the retailer’s stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also modified their holdings of COST. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale in the 4th quarter worth about $31,000. NewSquare Capital LLC raised its stake 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 purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the 4th quarter worth about $33,000. Finally, Collier Financial acquired a new stake in Costco Wholesale in the 4th quarter worth about $35,000. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at $6,445,926.72. The trade was a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James C. Klauer sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the sale, the executive vice president now directly owns 43,994 shares in the company, valued at $43,161,193.58. The trade was a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,600 shares of company stock valued at $9,140,195 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

COST stock opened at $1,008.50 on Friday. The company has a 50 day simple moving average of $973.21 and a 200 day simple moving average of $972.06. The stock has a market cap of $447.45 billion, a price-to-earnings ratio of 59.22, a P/E/G ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 1 year low of $788.20 and a 1 year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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 return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.52%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale’s payout ratio is presently 30.36%.

Analyst Ratings Changes

Several brokerages have weighed in on COST. Robert W. Baird lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Wednesday. Truist Financial lifted their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research note on Friday, March 7th. Evercore ISI lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Finally, Loop Capital dropped 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. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,024.03.

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.