Guardian Capital Advisors LP Has $6.81 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Guardian Capital Advisors LP raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 10,291 shares of the retailer’s stock after buying an additional 303 shares during the period. Guardian Capital Advisors LP’s holdings in Costco Wholesale were worth $6,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Wade G W & Inc. boosted its position in shares of Costco Wholesale by 7.1% in the fourth quarter. Wade G W & Inc. now owns 15,697 shares of the retailer’s stock valued at $10,361,000 after acquiring an additional 1,039 shares during the period. Empire Life Investments Inc. boosted its position in shares of Costco Wholesale by 92.0% in the fourth quarter. Empire Life Investments Inc. now owns 25,419 shares of the retailer’s stock valued at $16,779,000 after acquiring an additional 12,182 shares during the period. KLR Investment Advisors LLC bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $271,000. Foundations Investment Advisors LLC boosted its position in shares of Costco Wholesale by 33.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,909 shares of the retailer’s stock valued at $2,754,000 after acquiring an additional 980 shares during the period. Finally, Facet Wealth Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.4 %

COST stock traded up $2.75 during trading on Tuesday, hitting $777.90. The company had a trading volume of 1,327,411 shares, compared to its average volume of 2,010,771. The business has a 50-day moving average of $733.30 and a 200-day moving average of $682.32. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $789.48. The stock has a market cap of $345.00 billion, a PE ratio of 50.88, a PEG ratio of 5.24 and a beta of 0.77. 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:COSTGet Free Report) last announced its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating 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 business had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Research analysts predict that Costco Wholesale Co. will post 15.85 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s dividend payout ratio is presently 30.35%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction that occurred on 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 directly owns 10,000 shares in the company, valued at approximately $7,228,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Russell D. Miller sold 785 shares of the company’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. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on COST shares. Loop Capital reduced their target price on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Roth Mkm boosted their price target on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Evercore ISI boosted their price target on Costco Wholesale from $810.00 to $820.00 and gave the company an “outperform” rating in a research note on Tuesday. Oppenheimer boosted their price target on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, Gordon Haskett downgraded Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target for the company. in a research note on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $695.08.

Read Our Latest Stock Report on Costco Wholesale

Costco Wholesale Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.