Lakeside Advisors INC. Has $11.62 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Lakeside Advisors INC. lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,610 shares of the retailer’s stock after selling 111 shares during the quarter. Costco Wholesale makes up 8.1% of Lakeside Advisors INC.’s investment portfolio, making the stock its 2nd largest position. Lakeside Advisors INC.’s holdings in Costco Wholesale were worth $11,624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. boosted its position in shares of Costco Wholesale by 1.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock valued at $16,302,000 after acquiring an additional 273 shares during the last quarter. Keating Investment Counselors Inc. boosted its position in shares of Costco Wholesale by 43.0% during the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after acquiring an additional 795 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Costco Wholesale by 28.9% during the 4th quarter. Cerity Partners LLC now owns 272,288 shares of the retailer’s stock valued at $179,822,000 after acquiring an additional 61,122 shares during the last quarter. Rice Partnership LLC boosted its position in shares of Costco Wholesale by 21.0% during the 3rd quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock valued at $6,633,000 after acquiring an additional 2,038 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC boosted its position in shares of Costco Wholesale by 23.5% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 814 shares of the retailer’s stock valued at $538,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

COST stock traded up $0.66 on Wednesday, hitting $716.63. 201,680 shares of the company’s stock were exchanged, compared to its average volume of 2,084,806. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.08. The firm has a 50 day moving average price of $730.92 and a two-hundred day moving average price of $658.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The stock has a market cap of $317.83 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 4.78 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 28.80% and a net margin of 2.73%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.30 EPS. As a group, equities research analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. The ex-dividend date is Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio is presently 26.68%.

Insider Activity at Costco Wholesale

In other news, 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 transaction of $1,700,825.00. Following the completion of the transaction, the vice president now directly owns 5,910 shares in the company, valued at $4,020,750.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction dated 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 $148,306,297.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Yoram Rubanenko sold 2,500 shares of the business’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 sale, the vice president now directly owns 5,910 shares in the company, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,442 shares of company stock valued at $9,303,768. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Loop Capital dropped their target price on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Roth Mkm boosted their target price on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Oppenheimer boosted their target price on Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Finally, Gordon Haskett downgraded Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a research report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $691.28.

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.