Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 32.6% in the 4th quarter, Holdings Channel reports. The firm owned 6,262 shares of the retailer’s stock after buying an additional 1,540 shares during the quarter. SageView Advisory Group LLC’s holdings in Costco Wholesale were worth $4,388,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COST. Richelieu Gestion SA purchased a new position in Costco Wholesale in the 4th quarter valued at about $25,000. Frank Rimerman Advisors LLC bought a new position in shares of Costco Wholesale during the fourth quarter worth about $26,000. Morton Brown Family Wealth LLC lifted its position in shares of Costco Wholesale by 200.0% during the fourth 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 position in shares of Costco Wholesale during the fourth quarter worth about $30,000. Finally, DSM Capital Partners LLC bought a new position in shares of Costco Wholesale during the fourth quarter worth about $36,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST traded up $7.23 during trading hours on Friday, reaching $853.19. 564,003 shares of the company’s stock were exchanged, compared to its average volume of 1,964,744. The company has a market capitalization of $378.24 billion, a P/E ratio of 52.73, a price-to-earnings-growth ratio of 5.61 and a beta of 0.79. Costco Wholesale Co. has a 12 month low of $516.54 and a 12 month high of $855.74. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The business’s 50-day simple moving average is $771.22 and its two-hundred day simple moving average is $719.64.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $3.43 earnings per share. Sell-side analysts expect that Costco Wholesale Co. will post 15.96 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a $1.16 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date was Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a yield of 0.54%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Analyst Ratings Changes

COST has been the topic of several research analyst reports. Loop Capital increased their price target on shares of Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a research report on Friday. Tigress Financial increased their price target on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Evercore ISI increased their price target on shares of Costco Wholesale from $845.00 to $860.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Sunday, June 2nd. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $751.85.

Read Our Latest Analysis on Costco Wholesale

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.

Further Reading

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.