Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Abbot Financial Management Inc.

Abbot Financial Management Inc. raised its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 772 shares of the retailer’s stock after acquiring an additional 48 shares during the quarter. Abbot Financial Management Inc.’s holdings in Costco Wholesale were worth $510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Seven Mile Advisory grew its position in shares of Costco Wholesale by 1.5% in the fourth quarter. Seven Mile Advisory now owns 1,129 shares of the retailer’s stock valued at $745,000 after purchasing an additional 17 shares during the period. Dai ichi Life Insurance Company Ltd boosted its stake in Costco Wholesale by 6.1% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 30,341 shares of the retailer’s stock worth $20,027,000 after buying an additional 1,751 shares during the last quarter. Certified Advisory Corp grew its holdings in Costco Wholesale by 5.2% in the 4th quarter. Certified Advisory Corp now owns 5,988 shares of the retailer’s stock valued at $3,953,000 after buying an additional 296 shares during the period. Journey Strategic Wealth LLC increased its stake in shares of Costco Wholesale by 28.3% during the 4th quarter. Journey Strategic Wealth LLC now owns 1,547 shares of the retailer’s stock valued at $1,021,000 after acquiring an additional 341 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Costco Wholesale during the 4th quarter worth about $3,871,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.0 %

COST traded up $7.93 during trading on Tuesday, hitting $800.93. The company had a trading volume of 1,374,919 shares, compared to its average volume of 1,985,527. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $804.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The company has a market cap of $355.21 billion, a PE ratio of 52.07, a P/E/G ratio of 5.30 and a beta of 0.77. The business has a 50-day moving average of $737.07 and a 200-day moving average of $690.66.

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

Costco Wholesale Increases Dividend

The company also recently announced 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 yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) is currently 30.35%.

Analysts Set New Price Targets

A number of research firms recently issued reports on COST. Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a report on Wednesday, April 3rd. Wells Fargo & Company lifted their target price on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Loop Capital cut their price objective on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Roth Mkm boosted their target price on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Citigroup raised their price target on shares of Costco Wholesale from $630.00 to $710.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $695.08.

Read Our Latest Stock Report on Costco Wholesale

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction 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 in the company, valued at $4,785,786.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at $7,228,600. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.

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

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