423 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Cache Advisors LLC

Cache Advisors LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 423 shares of the retailer’s stock, valued at approximately $388,000.

Several other large investors also recently modified their holdings of COST. Norges Bank bought a new stake in shares of Costco Wholesale in the fourth quarter worth about $5,182,316,000. Proficio Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after purchasing an additional 1,519,861 shares during the last quarter. Leigh Baldwin & CO. LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $95,452,000. Strategic Financial Concepts LLC lifted its holdings in shares of Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Costco Wholesale by 12.6% during the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer’s stock valued at $4,817,573,000 after purchasing an additional 587,303 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a report on Wednesday. Evercore ISI boosted their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Finally, Truist Financial boosted their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,024.03.

Costco Wholesale Trading Down 0.9%

Shares of COST stock opened at $1,008.50 on Friday. Costco Wholesale Co. has a 1 year low of $788.20 and a 1 year high of $1,078.24. The firm has a fifty day moving average price of $973.21 and a 200-day moving average price of $972.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market cap of $447.45 billion, a price-to-earnings ratio of 59.22, a PEG ratio of 6.15 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. As a group, equities analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a $1.30 dividend. The ex-dividend date was Friday, May 2nd. This represents a $5.20 annualized dividend and a yield of 0.52%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s dividend payout ratio is currently 30.36%.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the transaction, the executive vice president now owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. This represents a 11.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the transaction, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at $38,242,687. This represents a 8.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,600 shares of company stock valued at $9,140,195. Company insiders own 0.18% of the company’s stock.

Costco Wholesale 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.