Concord Wealth Partners lifted its stake in Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449 shares of the retailer’s stock after purchasing an additional 43 shares during the period. Concord Wealth Partners’ holdings in Costco Wholesale were worth $258,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its stake in Costco Wholesale by 2.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 3,519 shares of the retailer’s stock valued at $1,998,000 after acquiring an additional 86 shares during the last quarter. Indiana Trust & Investment Management CO boosted its stake in Costco Wholesale by 0.6% in the fourth quarter. Indiana Trust & Investment Management CO now owns 5,159 shares of the retailer’s stock valued at $2,929,000 after acquiring an additional 32 shares during the last quarter. Bremer Bank National Association boosted its stake in Costco Wholesale by 7.5% in the fourth quarter. Bremer Bank National Association now owns 9,646 shares of the retailer’s stock valued at $5,476,000 after acquiring an additional 675 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in Costco Wholesale by 1.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,068 shares of the retailer’s stock valued at $9,690,000 after acquiring an additional 243 shares during the last quarter. Finally, Boltwood Capital Management bought a new position in Costco Wholesale in the fourth quarter valued at approximately $233,000. 67.52% of the stock is owned by institutional investors and hedge funds.
In other news, VP James P. Murphy sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the completion of the sale, the vice president now owns 37,730 shares of the company’s stock, valued at approximately $17,506,720. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel M. Hines sold 4,498 shares of the company’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $603.00, for a total transaction of $2,712,294.00. Following the sale, the insider now directly owns 13,108 shares of the company’s stock, valued at approximately $7,904,124. The disclosure for this sale can be found here. Insiders sold a total of 7,498 shares of company stock valued at $4,173,309 in the last three months. Insiders own 0.22% of the company stock.
Shares of COST opened at $469.84 on Thursday. Costco Wholesale Co. has a 52 week low of $ 393.88 and a 52 week high of $ 612.27. The firm has a market cap of $208.12 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 4.05 and a beta of 0.71. The firm’s 50-day simple moving average is $484.88 and its 200-day simple moving average is $520.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04.
Costco Wholesale (NASDAQ:COST – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The retailer reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.01. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The business had revenue of $52.60 billion for the quarter, compared to analyst estimates of $51.49 billion. During the same quarter in the previous year, the business earned $2.75 EPS. Costco Wholesale’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities analysts forecast that Costco Wholesale Co. will post 13.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $ 3.60 dividend on an annualized basis and a yield of 0.77%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s dividend payout ratio is 28.35%.
A number of equity analysts have issued reports on COST shares. Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $555.00 to $565.00 in a research note on Thursday, May 5th. Raymond James reduced their price target on shares of Costco Wholesale from $645.00 to $560.00 in a research report on Tuesday, May 31st. Truist Financial lifted their price target on shares of Costco Wholesale from $503.00 to $543.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Costco Wholesale from $530.00 to $525.00 in a research report on Wednesday, May 25th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $569.56.
Costco Wholesale Profile: (Get Rating)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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