2,654 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,654 shares of the retailer’s stock, valued at approximately $1,752,000. Costco Wholesale makes up about 1.7% of Secured Retirement Advisors LLC’s portfolio, making the stock its 15th largest position.

Other large investors also recently bought and sold shares of the company. Richelieu Gestion SA acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $25,000. Frank Rimerman Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter worth approximately $26,000. Morton Brown Family Wealth LLC raised its stake in shares of Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after buying an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $30,000. Finally, DSM Capital Partners LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on COST shares. Tigress Financial upped their price target on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Roth Mkm reissued a “neutral” rating and set a $676.00 price objective (up previously from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. TD Cowen boosted their price objective on shares of Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective on the stock. in a report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $751.85.

Read Our Latest Analysis on Costco Wholesale

Costco Wholesale Stock Up 0.7 %

NASDAQ COST traded up $6.07 during trading hours on Friday, reaching $852.03. 423,190 shares of the company’s stock were exchanged, compared to its average volume of 1,963,519. Costco Wholesale Co. has a one year low of $516.54 and a one year high of $855.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The company’s 50-day moving average is $771.22 and its two-hundred day moving average is $719.64. The company has a market capitalization of $377.73 billion, a price-to-earnings ratio of 52.73, a price-to-earnings-growth ratio of 5.61 and a beta of 0.79.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.70 by $0.08. The company had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.43 EPS. On average, analysts forecast that Costco Wholesale Co. will post 15.96 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.54%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

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.

Further Reading

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

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