Insigneo Advisory Services LLC Purchases 484 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Insigneo Advisory Services LLC lifted its position in Costco Wholesale Corporation (NASDAQ:COST) by 9.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,410 shares of the retailer’s stock after purchasing an additional 484 shares during the period. Costco Wholesale accounts for approximately 0.5% of Insigneo Advisory Services LLC’s investment portfolio, making the stock its 27th largest holding. Insigneo Advisory Services LLC’s holdings in Costco Wholesale were worth $5,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new position in Costco Wholesale in the fourth quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $31,000. NewSquare Capital LLC lifted its position in 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. Clear Investment Research LLC grew its holdings in Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after purchasing an additional 10 shares during the period. Finally, Capital A Wealth Management LLC bought a new stake in Costco Wholesale during the fourth quarter valued at about $58,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Mizuho began coverage on Costco Wholesale in a research report on Friday, April 11th. They set a “neutral” rating and a $975.00 price objective on the stock. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Truist Financial lifted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Evercore ISI reduced their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,034.79.

Costco Wholesale Stock Down 0.7%

Shares of COST opened at $977.72 on Wednesday. The firm has a market cap of $433.60 billion, a P/E ratio of 55.46, a PEG ratio of 5.81 and a beta of 1.00. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.24. The stock’s 50 day moving average is $1,002.19 and its two-hundred day moving average is $981.16. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.04. The firm had revenue of $63.21 billion for the quarter, compared to analysts’ expectations of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.78 EPS. Analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.53%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s payout ratio is currently 29.50%.

Insider Transactions at Costco Wholesale

In other news, EVP Patrick J. Callans sold 3,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the sale, the executive vice president now directly owns 58,543 shares of the company’s stock, valued at $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the sale, the executive vice president now owns 8,210 shares of the company’s stock, valued at $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock valued at $10,825,205 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

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.