Capital Advisory Group Advisory Services LLC Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

Capital Advisory Group Advisory Services LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 600 shares of the retailer’s stock after buying an additional 48 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Costco Wholesale were worth $567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mainsail Financial Group LLC boosted its stake in shares of Costco Wholesale by 3.6% during the 1st quarter. Mainsail Financial Group LLC now owns 3,158 shares of the retailer’s stock valued at $2,987,000 after buying an additional 111 shares during the last quarter. Focus Financial Network Inc. lifted its stake in Costco Wholesale by 0.7% during the first quarter. Focus Financial Network Inc. now owns 11,453 shares of the retailer’s stock worth $10,832,000 after purchasing an additional 74 shares during the last quarter. Donaldson Capital Management LLC lifted its stake in Costco Wholesale by 0.9% during the first quarter. Donaldson Capital Management LLC now owns 87,990 shares of the retailer’s stock worth $83,219,000 after purchasing an additional 800 shares during the last quarter. Ellenbecker Investment Group lifted its stake in Costco Wholesale by 4.4% during the first quarter. Ellenbecker Investment Group now owns 551 shares of the retailer’s stock worth $522,000 after purchasing an additional 23 shares during the last quarter. Finally, My Legacy Advisors LLC lifted its stake in Costco Wholesale by 11.9% during the first quarter. My Legacy Advisors LLC now owns 2,902 shares of the retailer’s stock worth $2,745,000 after purchasing an additional 309 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research note on Thursday, May 29th. Robert W. Baird raised their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Cfra Research upgraded Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research note on Friday, April 4th. Truist Financial raised their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Finally, Loop Capital dropped their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,035.32.

Costco Wholesale Trading Down 1.0%

NASDAQ:COST opened at $996.78 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1-year low of $793.00 and a 1-year high of $1,078.24. The firm has a market capitalization of $442.05 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The stock has a fifty day simple moving average of $996.91 and a 200 day simple moving average of $980.41.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.04. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same quarter last year, the company posted $3.78 EPS. Costco Wholesale’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a dividend of $1.30 per share. The ex-dividend date was Friday, May 2nd. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares in the company, valued at approximately $6,445,926.72. This trade represents a 11.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the sale, the executive vice president now owns 8,210 shares of the company’s stock, valued at $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,000 shares of company stock worth $10,825,205. 0.18% of the stock is currently owned by company insiders.

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.