Relative Value Partners Group LLC Purchases 38 Shares of Costco Wholesale Co. (NASDAQ:COST)

Relative Value Partners Group LLC grew its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 636 shares of the retailer’s stock after acquiring an additional 38 shares during the period. Relative Value Partners Group LLC’s holdings in Costco Wholesale were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Richelieu Gestion SA bought a new position in shares of Costco Wholesale in the fourth quarter worth about $25,000. Morton Brown Family Wealth LLC raised its stake in shares of Costco Wholesale by 200.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after acquiring an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth about $30,000. DSM Capital Partners LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $36,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $49,000. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on COST shares. Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a research note on Wednesday, April 3rd. Loop Capital dropped their price target on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Oppenheimer boosted their price target on shares of Costco Wholesale from $805.00 to $850.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Roth Mkm reissued a “neutral” rating and set a $676.00 price target (up from $650.00) on shares of Costco Wholesale in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $743.52.

Get Our Latest Analysis on Costco Wholesale

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Russell D. Miller sold 785 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $809.89 on Friday. Costco Wholesale Co. has a 12 month low of $501.59 and a 12 month high of $819.50. The firm has a fifty day simple moving average of $750.13 and a 200 day simple moving average of $704.61. The stock has a market capitalization of $359.19 billion, a price-to-earnings ratio of 52.97, a PEG ratio of 5.39 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its earnings results on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The business had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. During the same quarter in the prior year, the company posted $3.43 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Research analysts forecast that Costco Wholesale Co. will post 15.88 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were given a dividend of $1.16 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s dividend payout ratio is 30.35%.

Costco Wholesale Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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