Bordeaux Wealth Advisors LLC Has $1.43 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Bordeaux Wealth Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 61.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,162 shares of the retailer’s stock after purchasing an additional 826 shares during the period. Costco Wholesale makes up approximately 0.5% of Bordeaux Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Bordeaux Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,427,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Costco Wholesale by 1.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock valued at $16,302,000 after buying an additional 273 shares during the period. Keating Investment Counselors Inc. lifted its stake in shares of Costco Wholesale by 43.0% in the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after purchasing an additional 795 shares during the period. Cerity Partners LLC grew its stake in Costco Wholesale by 28.9% during the fourth quarter. Cerity Partners LLC now owns 272,288 shares of the retailer’s stock worth $179,822,000 after purchasing an additional 61,122 shares during the period. Rice Partnership LLC increased its holdings in Costco Wholesale by 21.0% in the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock worth $6,633,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Rappaport Reiches Capital Management LLC boosted its holdings in shares of Costco Wholesale by 23.5% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 814 shares of the retailer’s stock worth $538,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock traded up $11.46 during midday trading on Friday, hitting $743.90. The stock had a trading volume of 2,322,355 shares, compared to its average volume of 2,041,084. Costco Wholesale Co. has a 52-week low of $476.75 and a 52-week high of $787.08. The company has a market capitalization of $329.92 billion, a PE ratio of 48.65, a P/E/G ratio of 4.81 and a beta of 0.77. The firm’s fifty day moving average is $730.34 and its two-hundred day moving average is $670.52. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same quarter in the prior year, the business posted $3.30 EPS. Costco Wholesale’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.62%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s dividend payout ratio is presently 30.35%.

Insider Activity

In related news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the transaction, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the sale, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The disclosure for this sale can be found here. Insiders have sold a total of 3,727 shares of company stock worth $2,682,948 over the last quarter. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of a number of research analyst reports. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Tigress Financial upped their price objective on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a report on Friday, March 15th. The Goldman Sachs Group upped their target price on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Evercore ISI lifted their price target on Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, DA Davidson reissued a “neutral” rating and issued a $680.00 price objective on shares of Costco Wholesale in a research note on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $694.48.

Costco Wholesale Company 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.