DeDora Capital Inc. Has $3.02 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

DeDora Capital Inc. lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,116 shares of the retailer’s stock after acquiring an additional 120 shares during the period. Costco Wholesale makes up 1.0% of DeDora Capital Inc.’s holdings, making the stock its 25th biggest holding. DeDora Capital Inc.’s holdings in Costco Wholesale were worth $3,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Costco Wholesale in the fourth quarter worth $3,628,694,000. International Assets Investment Management LLC grew its stake in shares of Costco Wholesale by 61,693.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after buying an additional 3,100,099 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Costco Wholesale during the first quarter valued at about $510,353,000. C WorldWide Group Holding A S bought a new position in shares of Costco Wholesale during the third quarter valued at about $390,630,000. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Costco Wholesale by 3,647.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock worth $374,688,000 after purchasing an additional 552,492 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the transaction, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The disclosure for this sale can be found here. Insiders sold a total of 3,727 shares of company stock worth $2,682,948 over the last three months. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

Shares of COST traded up $11.46 during mid-day trading on Friday, hitting $743.90. The company’s stock had a trading volume of 2,323,300 shares, compared to its average volume of 1,605,560. The firm has a market capitalization of $329.92 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 4.88 and a beta of 0.77. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08. The stock’s 50-day moving average is $730.46 and its two-hundred day moving average is $671.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93.

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

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.35%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $800.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 11th. 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. Loop Capital decreased their target price on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a research note on Wednesday, April 3rd. Finally, Tigress Financial raised their target price on shares of Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $694.48.

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.