Costco Wholesale Co. (NASDAQ:COST) Stake Increased by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. increased its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,756 shares of the retailer’s stock after purchasing an additional 121 shares during the period. Costco Wholesale accounts for 2.8% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 3rd largest position. Ipswich Investment Management Co. Inc.’s holdings in Costco Wholesale were worth $11,060,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. Richelieu Gestion SA purchased a new stake in shares of Costco Wholesale in the fourth quarter worth $25,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at about $26,000. Morton Brown Family Wealth LLC raised its holdings in shares of Costco Wholesale by 200.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at about $30,000. Finally, Steph & Co. raised its holdings in shares of Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after acquiring an additional 22 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Oppenheimer raised their price objective on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Roth Mkm raised their price target on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. The Goldman Sachs Group raised their price target on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $800.00 price objective on shares of Costco Wholesale in a report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $691.28.

Get Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Stock Down 0.2 %

Shares of NASDAQ:COST opened at $709.51 on Friday. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The stock’s 50-day moving average is $730.29 and its 200 day moving average is $661.22. The company has a market cap of $314.67 billion, a PE ratio of 46.40, a P/E/G ratio of 4.73 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. During the same period in the previous year, the firm earned $3.30 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a dividend of $1.16 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s payout ratio is presently 26.68%.

Insider Buying and Selling at Costco Wholesale

In related news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the transaction, the director now owns 12,395 shares in the company, valued at $8,967,534.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Russell D. Miller sold 785 shares of the company’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 sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan L. Decker sold 1,442 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,727 shares of company stock valued at $8,170,388. 0.18% of the stock is currently owned by company insiders.

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

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