SageView Advisory Group LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 32.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,262 shares of the retailer's stock after purchasing an additional 1,540 shares during the quarter. SageView Advisory Group LLC's holdings in Costco Wholesale were worth $4,388,000 at the end of the most recent quarter.
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A number of other large investors have also recently made changes to their positions in COST. B. Riley Wealth Advisors Inc. raised its holdings in shares of Costco Wholesale by 1.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer's stock valued at $16,302,000 after acquiring an additional 273 shares in the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of Costco Wholesale by 4.7% in the fourth quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer's stock valued at $1,164,000 after acquiring an additional 79 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Costco Wholesale by 28.9% in the fourth quarter. Cerity Partners LLC now owns 272,288 shares of the retailer's stock valued at $179,822,000 after acquiring an additional 61,122 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Costco Wholesale by 15.6% in the fourth quarter. Metis Global Partners LLC now owns 21,514 shares of the retailer's stock valued at $14,201,000 after acquiring an additional 2,909 shares in the last quarter. Finally, Rice Partnership LLC raised its holdings in shares of Costco Wholesale by 21.0% in the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer's stock valued at $6,633,000 after acquiring an additional 2,038 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Costco Wholesale
In related news, EVP Russell D. Miller sold 785 shares of the 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 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.
Costco Wholesale Stock Performance
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Costco Wholesale stock traded up $9.71 during mid-day trading on Friday, hitting $855.67. The company had a trading volume of 1,395,485 shares, compared to its average volume of 1,735,517. 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 12-month low of $516.54 and a 12-month high of $856.18. The company's fifty day moving average is $774.06 and its 200-day moving average is $723.29. The company has a market capitalization of $379.34 billion, a price-to-earnings ratio of 53.02, a P/E/G ratio of 5.66 and a beta of 0.79.
Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.08. The business 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 business's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.43 EPS. Equities research analysts predict that Costco Wholesale Co. will post 15.96 EPS for the current year.
Costco Wholesale Increases Dividend
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The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.54%. This is an increase from Costco Wholesale's previous quarterly dividend of $1.02. The ex-dividend date was Thursday, April 25th. Costco Wholesale's dividend payout ratio is presently 28.75%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. TD Cowen boosted their target price 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. DA Davidson reiterated a "neutral" rating and issued a $680.00 target price on shares of Costco Wholesale in a report on Thursday, April 11th. Oppenheimer boosted their target price on shares of Costco Wholesale from $850.00 to $905.00 and gave the stock an "outperform" rating in a report on Thursday, June 6th. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $750.00 to $775.00 and gave the stock an "equal weight" rating in a report on Friday, May 31st. Finally, Roth Mkm reiterated a "neutral" rating and issued a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat, Costco Wholesale presently has an average rating of "Moderate Buy" and an average target price of $751.85.
View Our Latest Stock Analysis on Costco Wholesale
Costco Wholesale 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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST - Free Report).
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