ORG Wealth Partners LLC Boosts Stake in Costco Wholesale Corporation (NASDAQ:COST)

ORG Wealth Partners LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1,081.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,925 shares of the retailer’s stock after acquiring an additional 1,762 shares during the period. Costco Wholesale makes up approximately 0.6% of ORG Wealth Partners LLC’s portfolio, making the stock its 26th biggest holding. ORG Wealth Partners LLC’s holdings in Costco Wholesale were worth $1,843,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COST. Investment Management Corp VA ADV acquired a new position in shares of Costco Wholesale during the 4th quarter worth $25,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC increased its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares in the last quarter. Clear Investment Research LLC increased its holdings in Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after buying an additional 10 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at $6,445,926.72. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,000 shares of company stock valued at $10,825,205. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COST has been the subject of several research analyst reports. Truist Financial raised their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Loop Capital lowered their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Morgan Stanley lifted their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Finally, Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a report on Thursday, May 29th. Nine research 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.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,034.79.

Costco Wholesale Stock Down 0.3%

COST opened at $974.90 on Friday. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.24. The business has a 50-day moving average of $1,002.60 and a two-hundred day moving average of $981.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The stock has a market capitalization of $432.35 billion, a price-to-earnings ratio of 55.30, a price-to-earnings-growth ratio of 5.76 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same period in the previous year, the firm earned $3.78 earnings per share. Costco Wholesale’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.53%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s dividend payout ratio is presently 29.50%.

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.