Consolidated Planning Corp Has $2.55 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Consolidated Planning Corp raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,862 shares of the retailer’s stock after buying an additional 306 shares during the quarter. Consolidated Planning Corp’s holdings in Costco Wholesale were worth $2,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richelieu Gestion SA bought a new stake in Costco Wholesale in the 4th quarter valued at $25,000. Morton Brown Family Wealth LLC grew 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 worth $30,000 after purchasing an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $30,000. Steph & Co. grew 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 worth $42,000 after purchasing an additional 22 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $49,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Oppenheimer upped their target price on shares of Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Tigress Financial upped 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. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a research report on Wednesday, April 3rd. Finally, Evercore ISI upped their price target on shares of Costco Wholesale from $795.00 to $805.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $694.48.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The transaction was disclosed in a document filed 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 that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the sale, the director now directly owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The disclosure for this sale can be found here. Insiders have sold 3,727 shares of company stock worth $2,682,948 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 1.0 %

Shares of NASDAQ:COST traded up $7.32 during mid-day trading on Friday, reaching $729.18. The stock had a trading volume of 1,524,431 shares, compared to its average volume of 1,663,722. The firm has a market cap of $323.39 billion, a PE ratio of 47.69, a price-to-earnings-growth ratio of 4.81 and a beta of 0.77. The firm has a 50 day simple moving average of $730.41 and a two-hundred day simple moving average of $666.04. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. Costco Wholesale’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $3.30 EPS. On average, research analysts predict that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is currently 30.35%.

Costco Wholesale Company Profile

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.