Costco Wholesale Co. (NASDAQ:COST) Shares Bought by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,206 shares of the retailer’s stock after buying an additional 496 shares during the period. DAVENPORT & Co LLC’s holdings in Costco Wholesale were worth $100,418,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Richelieu Gestion SA purchased a new position in Costco Wholesale in the 4th quarter worth approximately $25,000. Sanctuary Wealth Management L.L.C. purchased a new position in Costco Wholesale in the 4th quarter worth approximately $26,000. Steph & Co. lifted its stake in Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in Costco Wholesale in the 4th quarter worth approximately $49,000. Finally, Iron Horse Wealth Management LLC lifted its stake in Costco Wholesale by 888.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock worth $50,000 after purchasing an additional 80 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST stock traded down $9.94 during trading hours on Tuesday, reaching $711.30. 2,324,582 shares of the company’s stock were exchanged, compared to its average volume of 2,153,023. The company has a market cap of $315.46 billion, a P/E ratio of 46.52, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. The company’s 50 day moving average is $726.52 and its two-hundred day moving average is $646.75. 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.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same period in the prior year, the business posted $3.30 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts anticipate that Costco Wholesale Co. will post 15.81 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s payout ratio is currently 26.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup raised their target price on shares of Costco Wholesale from $585.00 to $630.00 and gave the stock a “neutral” rating in a research note on Friday, December 15th. Stifel Nicolaus boosted their target price on Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Telsey Advisory Group boosted their target price on Costco Wholesale from $750.00 to $785.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Truist Financial boosted their target price on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, The Goldman Sachs Group boosted their target price on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $668.50.

Check Out Our Latest Analysis on COST

Insider Activity at Costco Wholesale

In related news, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the transaction, the vice president now directly owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total value of $1,700,825.00. Following the transaction, the vice president now directly owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock valued at $10,736,778 in the last ninety days. Corporate 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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