Capital Advisors Ltd. LLC Buys 170 Shares of Costco Wholesale Co. (NASDAQ:COST)

Capital Advisors Ltd. LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 26.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808 shares of the retailer’s stock after buying an additional 170 shares during the period. Capital Advisors Ltd. LLC’s holdings in Costco Wholesale were worth $465,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in Costco Wholesale during the first quarter valued at approximately $26,000. Evolution Advisers Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $28,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $30,000. Mystic Asset Management Inc. bought a new position in shares of Costco Wholesale in the fourth quarter valued at $40,000. Finally, Lansing Street Advisors bought a new stake in Costco Wholesale during the first quarter worth $41,000. Institutional investors and hedge funds own 67.52% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, Director Mary Agnes Wilderotter bought 850 shares of the stock in a transaction on Tuesday, June 7th. The stock was acquired at an average price of $470.74 per share, with a total value of $400,129.00. Following the acquisition, the director now directly owns 11,295 shares in the company, valued at $5,317,008.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP James P. Murphy sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the completion of the transaction, the vice president now directly owns 37,730 shares of the company’s stock, valued at approximately $17,506,720. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary Agnes Wilderotter purchased 850 shares of Costco Wholesale stock in a transaction on Tuesday, June 7th. The stock was bought at an average price of $470.74 per share, for a total transaction of $400,129.00. Following the transaction, the director now directly owns 11,295 shares in the company, valued at approximately $5,317,008.30. The disclosure for this purchase can be found here. Insiders have sold 5,300 shares of company stock worth $2,609,904 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COST. Citigroup boosted their price objective on shares of Costco Wholesale from $510.00 to $545.00 in a research note on Thursday. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, July 15th. The Goldman Sachs Group boosted their target price on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday. Raymond James raised their price target on Costco Wholesale from $560.00 to $600.00 and gave the company an “outperform” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and upped their price objective for the company from $525.00 to $579.00 in a report on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $576.68.

Costco Wholesale Stock Down 0.5 %

Shares of COST opened at $540.67 on Friday. The firm has a 50 day simple moving average of $492.92 and a two-hundred day simple moving average of $515.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. Costco Wholesale Co. has a one year low of $406.51 and a one year high of $612.27. The company has a market cap of $239.50 billion, a P/E ratio of 42.57, a P/E/G ratio of 4.53 and a beta of 0.69.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its quarterly earnings data on Thursday, May 26th. The retailer reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.17. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. The business had revenue of $52.60 billion during the quarter, compared to the consensus estimate of $51.49 billion. During the same period in the prior year, the company earned $2.75 EPS. Costco Wholesale’s revenue for the quarter was up 18.5% on a year-over-year basis. Research analysts forecast that Costco Wholesale Co. will post 13.05 EPS for the current fiscal year.

Costco Wholesale Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.07%. The ex-dividend date is Thursday, July 28th. Costco Wholesale’s payout ratio is 28.35%.

About Costco Wholesale

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Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It 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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