Bridgewealth Advisory Group LLC Buys 28 Shares of Costco Wholesale Co. (NASDAQ:COST)

Bridgewealth Advisory Group LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 6.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 455 shares of the retailer’s stock after purchasing an additional 28 shares during the period. Bridgewealth Advisory Group LLC’s holdings in Costco Wholesale were worth $257,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. United Bank lifted its stake in Costco Wholesale by 9.2% in the first quarter. United Bank now owns 5,254 shares of the retailer’s stock valued at $3,026,000 after purchasing an additional 444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Costco Wholesale by 33.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock worth $220,948,000 after purchasing an additional 96,566 shares during the period. Covestor Ltd increased its holdings in shares of Costco Wholesale by 87.1% in the first quarter. Covestor Ltd now owns 232 shares of the retailer’s stock worth $134,000 after purchasing an additional 108 shares during the period. Bridgefront Capital LLC purchased a new position in Costco Wholesale in the first quarter worth $333,000. Finally, Next Century Growth Investors LLC grew its position in Costco Wholesale by 0.9% in the first quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock worth $1,965,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 66.31% of the company’s stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock traded down $7.85 during trading hours on Monday, reaching $715.55. The company’s stock had a trading volume of 375,136 shares, compared to its average volume of 2,018,018. The firm has a 50 day moving average price of $669.74 and a 200-day moving average price of $599.99. Costco Wholesale Co. has a one year low of $465.33 and a one year high of $728.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.09 and a quick ratio of 0.60. The stock has a market cap of $317.51 billion, a P/E ratio of 49.31, a P/E/G ratio of 5.11 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its earnings results on Thursday, December 14th. The retailer reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.07. Costco Wholesale had a net margin of 2.65% and a return on equity of 27.44%. The firm had revenue of $57.80 billion for the quarter, compared to the consensus estimate of $57.79 billion. During the same period in the previous year, the firm posted $3.10 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that Costco Wholesale Co. will post 15.66 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, February 2nd will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.57%. Costco Wholesale’s dividend payout ratio is presently 27.81%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Telsey Advisory Group upped their price target on shares of Costco Wholesale from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. DA Davidson increased their price target on shares of Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, December 15th. Truist Financial increased their price target on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Northcoast Research downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 target price for the company. in a research note on Wednesday, December 20th. Finally, Loop Capital raised their price target on shares of Costco Wholesale from $710.00 to $755.00 in a research report on Friday, January 19th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $659.96.

Read Our Latest Analysis on COST

Insider Buying and Selling

In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the sale, the director now directly owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Craig Jelinek sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the transaction, the director now owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,752 shares of company stock valued at $9,377,669. Company insiders own 0.18% of the company’s stock.

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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