Maple Capital Management Inc. Has $58.80 Million Stock Position in Costco Wholesale Corporation $COST

Maple Capital Management Inc. boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,171 shares of the retailer’s stock after buying an additional 284 shares during the period. Costco Wholesale makes up about 4.5% of Maple Capital Management Inc.’s holdings, making the stock its 6th largest holding. Maple Capital Management Inc.’s holdings in Costco Wholesale were worth $58,800,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in COST. Investment Management Corp VA ADV bought a new stake in Costco Wholesale during the fourth quarter valued at $25,000. Anderson Financial Strategies LLC lifted its stake in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after purchasing an additional 36 shares during the last quarter. eCIO Inc. bought a new stake in Costco Wholesale during the first quarter worth about $48,000. Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after purchasing an additional 11 shares during the last quarter. Finally, Capital A Wealth Management LLC bought a new stake in Costco Wholesale during the fourth quarter worth about $58,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,147 shares of company stock worth $5,031,130 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several research analyst reports. Truist Financial lifted their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Wednesday, August 27th. Finally, Evercore ISI dropped their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a research note on Tuesday, June 17th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,056.67.

Costco Wholesale Stock Up 0.8%

COST opened at $964.32 on Friday. The company has a market cap of $427.66 billion, a P/E ratio of 54.70, a P/E/G ratio of 5.38 and a beta of 0.97. The business’s 50-day moving average price is $960.77 and its 200-day moving average price is $975.64. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s payout ratio is currently 29.50%.

About Costco Wholesale

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.