Wealth Enhancement Advisory Services LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 5.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,703 shares of the retailer’s stock after buying an additional 846 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Costco Wholesale were worth $5,655,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of COST. St. Johns Investment Management Company LLC purchased a new stake in shares of Costco Wholesale during the first quarter valued at $27,000. Cordasco Financial Network purchased a new position in shares of Costco Wholesale during the first quarter worth $30,000. Charter Oak Capital Management LLC acquired a new position in Costco Wholesale during the fourth quarter valued at $32,000. DB Wealth Management Group LLC purchased a new stake in Costco Wholesale in the fourth quarter valued at $38,000. Finally, Sage Financial Management Group Inc. purchased a new stake in Costco Wholesale in the first quarter valued at $38,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Costco Wholesale from $352.00 to $363.00 and gave the stock a “hold” rating in a report on Friday, May 28th. Royal Bank of Canada lifted their target price on shares of Costco Wholesale from $425.00 to $453.00 and gave the company an “outperform” rating in a report on Friday, May 28th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Costco Wholesale from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, June 2nd. Jefferies Financial Group dropped their price target on shares of Costco Wholesale from $435.00 to $405.00 and set a “buy” rating on the stock in a research report on Friday, March 5th. Finally, Citigroup lowered their target price on shares of Costco Wholesale from $380.00 to $360.00 and set a “neutral” rating on the stock in a research note on Friday, March 5th. Nine research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $401.00.
COST traded down $1.53 during trading on Friday, reaching $381.48. The company’s stock had a trading volume of 27,052 shares, compared to its average volume of 2,618,807. The company has a market capitalization of $168.64 billion, a P/E ratio of 36.00, a price-to-earnings-growth ratio of 4.02 and a beta of 0.65. The stock has a fifty day simple moving average of $375.16. Costco Wholesale Co. has a 1 year low of $293.84 and a 1 year high of $393.15. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, May 26th. The retailer reported $2.75 EPS for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.47. The firm had revenue of $44.38 billion for the quarter, compared to the consensus estimate of $43.82 billion. Costco Wholesale had a return on equity of 27.30% and a net margin of 2.53%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share. On average, equities analysts expect that Costco Wholesale Co. will post 10.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 14th. Stockholders of record on Friday, April 30th were given a dividend of $0.79 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, April 29th. This represents a $3.16 annualized dividend and a dividend yield of 0.83%. Costco Wholesale’s payout ratio is presently 35.71%.
About Costco Wholesale
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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