Central Valley Advisors LLC Acquires 49 Shares of Costco Wholesale Co. (NASDAQ:COST)

Central Valley Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,917 shares of the retailer’s stock after purchasing an additional 49 shares during the quarter. Costco Wholesale accounts for about 1.5% of Central Valley Advisors LLC’s investment portfolio, making the stock its 15th largest position. Central Valley Advisors LLC’s holdings in Costco Wholesale were worth $2,868,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Richelieu Gestion SA purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Costco Wholesale in the fourth quarter worth $26,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Costco Wholesale by 200.0% in the fourth 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. purchased a new position in shares of Costco Wholesale in the fourth quarter worth $30,000. Finally, Vima LLC purchased a new position in shares of Costco Wholesale in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Citigroup boosted their target price on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Tigress Financial boosted their target price on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Telsey Advisory Group boosted their price target on shares of Costco Wholesale from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Finally, Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $750.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $752.96.

Get Our Latest Stock Analysis on COST

Costco Wholesale Trading Up 0.5 %

Shares of NASDAQ COST traded up $4.29 during mid-day trading on Tuesday, reaching $852.45. The company had a trading volume of 379,985 shares, compared to its average volume of 1,969,800. Costco Wholesale Co. has a 52 week low of $521.26 and a 52 week high of $873.96. The business’s 50-day moving average is $790.73 and its 200-day moving average is $734.25. The stock has a market cap of $377.92 billion, a price-to-earnings ratio of 52.76, a price-to-earnings-growth ratio of 5.61 and a beta of 0.79. 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 (NASDAQ:COSTGet Free Report) last issued its 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 for the quarter, compared to analysts’ expectations of $58.16 billion. During the same period in the prior year, the business earned $3.43 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts expect that Costco Wholesale Co. will post 15.98 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.54%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Thursday, April 25th. Costco Wholesale’s dividend payout ratio is presently 28.75%.

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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