Carson Advisory Inc. Has $240,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Carson Advisory Inc. lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 327 shares of the retailer’s stock after buying an additional 15 shares during the period. Carson Advisory Inc.’s holdings in Costco Wholesale were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CM Wealth Advisors LLC bought a new stake in Costco Wholesale during the third quarter valued at $296,000. Spartan Planning & Wealth Management bought a new stake in Costco Wholesale during the third quarter valued at $84,000. Diversified Trust Co boosted its position in Costco Wholesale by 4.6% during the third quarter. Diversified Trust Co now owns 5,313 shares of the retailer’s stock valued at $3,002,000 after acquiring an additional 236 shares during the last quarter. Tompkins Financial Corp boosted its position in Costco Wholesale by 0.5% during the third quarter. Tompkins Financial Corp now owns 14,085 shares of the retailer’s stock valued at $7,957,000 after acquiring an additional 69 shares during the last quarter. Finally, Carlson Capital Management boosted its position in Costco Wholesale by 7.3% during the third quarter. Carlson Capital Management now owns 2,016 shares of the retailer’s stock valued at $1,139,000 after acquiring an additional 138 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $900.00 price target on shares of Costco Wholesale in a research report on Monday. Argus increased their price objective on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective on the stock. in a research report on Wednesday, April 3rd. Tigress Financial increased their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, DA Davidson reissued a “neutral” rating and set a $680.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $766.73.

View Our Latest Analysis on COST

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Performance

Shares of COST stock traded down $2.54 during trading hours on Wednesday, hitting $884.31. 1,740,527 shares of the company were exchanged, compared to its average volume of 1,954,451. The firm has a fifty day simple moving average of $825.62 and a 200 day simple moving average of $751.69. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 52-week low of $526.15 and a 52-week high of $896.67. The stock has a market capitalization of $392.04 billion, a price-to-earnings ratio of 54.79, a P/E/G ratio of 5.82 and a beta of 0.78.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same quarter last year, the business posted $3.43 EPS. Costco Wholesale’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts predict that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is currently 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.

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

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