562 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Kingstone Capital Partners Texas LLC

Kingstone Capital Partners Texas LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 562 shares of the retailer’s stock, valued at approximately $515,000.

A number of other hedge funds have also recently bought and sold shares of COST. Grassi Investment Management boosted its position in Costco Wholesale by 6.5% in the 4th quarter. Grassi Investment Management now owns 5,155 shares of the retailer’s stock valued at $4,723,000 after buying an additional 315 shares during the last quarter. Capital & Planning LLC boosted its position in Costco Wholesale by 28.7% in the 4th quarter. Capital & Planning LLC now owns 3,756 shares of the retailer’s stock valued at $3,441,000 after buying an additional 837 shares during the last quarter. Redmond Asset Management LLC bought a new position in Costco Wholesale in the 4th quarter valued at $1,214,000. May Barnhard Investments LLC bought a new position in Costco Wholesale in the 4th quarter valued at $485,000. Finally, Ironwood Wealth Management LLC. boosted its position in Costco Wholesale by 0.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer’s stock valued at $3,529,000 after buying an additional 22 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. This represents a 8.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,600 shares of company stock valued at $9,140,195 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on COST. Robert W. Baird increased their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Truist Financial increased their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Barclays increased their price objective on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Stifel Nicolaus reduced their price target on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Finally, Cowen restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,024.03.

Costco Wholesale Stock Performance

COST stock opened at $1,008.50 on Friday. The business’s 50-day moving average price is $973.21 and its two-hundred day moving average price is $972.06. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market cap of $447.45 billion, a PE ratio of 59.22, a P/E/G ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 1-year low of $788.20 and a 1-year high of $1,078.24.

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

Costco Wholesale Increases Dividend

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

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.