KMG Fiduciary Partners LLC Buys 469 Shares of Costco Wholesale Co. (NASDAQ:COST)

KMG Fiduciary Partners LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,135 shares of the retailer’s stock after acquiring an additional 469 shares during the quarter. Costco Wholesale comprises 0.9% of KMG Fiduciary Partners LLC’s holdings, making the stock its 27th largest position. KMG Fiduciary Partners LLC’s holdings in Costco Wholesale were worth $10,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Investment Management Corp VA ADV acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $31,000. NewSquare Capital LLC grew its position in shares of Costco Wholesale by 250.0% during 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. Collier Financial acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Finally, Barrett & Company Inc. grew its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the business’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total value of $3,924,280.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,600 shares of company stock worth $9,140,195. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Up 0.4%

Costco Wholesale stock opened at $1,014.94 on Friday. Costco Wholesale Co. has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.24. The stock has a market cap of $450.31 billion, a PE ratio of 59.60, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The firm’s 50-day simple moving average is $993.68 and its 200 day simple moving average is $979.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.21 billion for the quarter, compared to analysts’ expectations of $62.93 billion. During the same period in the previous year, the company earned $3.78 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a dividend of $1.30 per share. The ex-dividend date was Friday, May 2nd. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.51%. Costco Wholesale’s payout ratio is 29.50%.

Analysts Set New Price Targets

A number of research analysts have issued reports on COST shares. Evercore ISI increased their target price on shares of Costco Wholesale from $1,070.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, May 29th. Mizuho assumed coverage on shares of Costco Wholesale in a research report on Friday, April 11th. They set a “neutral” rating and a $975.00 price target on the stock. Barclays increased their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Robert W. Baird increased their price target 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. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Nine 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,035.32.

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.