Horan Capital Advisors LLC. Buys 148 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Horan Capital Advisors LLC. grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 34.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 577 shares of the retailer’s stock after acquiring an additional 148 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Costco Wholesale were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Peninsula Wealth LLC grew its holdings in Costco Wholesale by 1.2% during the fourth quarter. Peninsula Wealth LLC now owns 818 shares of the retailer’s stock valued at $749,000 after purchasing an additional 10 shares during the period. Bosun Asset Management LLC increased its stake in Costco Wholesale by 1.6% during the fourth quarter. Bosun Asset Management LLC now owns 636 shares of the retailer’s stock worth $583,000 after acquiring an additional 10 shares during the last quarter. Corps Capital Advisors LLC increased its position in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after acquiring an additional 10 shares during the last quarter. NFP Retirement Inc. raised its holdings in shares of Costco Wholesale by 1.1% in the fourth quarter. NFP Retirement Inc. now owns 980 shares of the retailer’s stock worth $898,000 after buying an additional 11 shares during the period. Finally, Coppell Advisory Solutions LLC increased its stake in Costco Wholesale by 0.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 3,437 shares of the retailer’s stock worth $3,163,000 after buying an additional 11 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Mizuho started coverage on Costco Wholesale in a report on Friday, April 11th. They issued a “neutral” rating and a $975.00 price objective for the company. Loop Capital dropped their target price on shares of 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. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research report on Thursday, May 29th. Finally, Truist Financial boosted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,037.48.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the transaction, the executive vice president directly owned 8,210 shares of the company’s stock, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,547 shares of company stock valued at $9,472,510 in the last three months. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.2%

Costco Wholesale stock opened at $935.48 on Friday. The stock has a 50-day moving average price of $992.04 and a 200 day moving average price of $983.84. The company has a market capitalization of $414.86 billion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 5.82 and a beta of 0.97. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.23. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. The company had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. Costco Wholesale’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $3.78 EPS. Sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $1.30 per share. The ex-dividend date is Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.56%. 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.