DeDora Capital Inc. Grows Position in Costco Wholesale Co. (NASDAQ:COST)

DeDora Capital Inc. grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,996 shares of the retailer’s stock after buying an additional 34 shares during the period. Costco Wholesale comprises 0.9% of DeDora Capital Inc.’s holdings, making the stock its 27th biggest position. DeDora Capital Inc.’s holdings in Costco Wholesale were worth $2,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in shares of Costco Wholesale by 1.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock worth $16,302,000 after acquiring an additional 273 shares during the last quarter. Keating Investment Counselors Inc. grew its holdings in Costco Wholesale by 43.0% during the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after buying an additional 795 shares in the last quarter. Rice Partnership LLC raised its holdings in shares of Costco Wholesale by 21.0% during the 3rd quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock worth $6,633,000 after acquiring an additional 2,038 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in Costco Wholesale by 79.6% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 10,358 shares of the retailer’s stock valued at $6,837,000 after purchasing an additional 4,592 shares in the last quarter. Finally, Resources Management Corp CT ADV grew its stake in shares of Costco Wholesale by 1,396.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 14,960 shares of the retailer’s stock worth $8,054,000 after buying an additional 13,960 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Claudine Adamo sold 1,500 shares of the business’s 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 transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the transaction, the vice president now owns 5,910 shares in the company, valued at $4,020,750.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,582 shares of company stock valued at $10,736,778. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Performance

COST traded up $0.55 during trading on Thursday, reaching $732.63. 1,711,632 shares of the company’s stock were exchanged, compared to its average volume of 2,158,359. The company’s fifty day simple moving average is $724.29 and its 200-day simple moving average is $642.61. The stock has a market capitalization of $324.92 billion, a P/E ratio of 47.90, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The firm had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.30 earnings per share. As a group, research analysts predict that Costco Wholesale Co. will post 15.78 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were given a dividend of $1.02 per share. The ex-dividend date was Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a yield of 0.56%. Costco Wholesale’s dividend payout ratio is currently 26.68%.

Analysts Set New Price Targets

COST has been the topic of several analyst reports. BMO Capital Markets boosted their price objective on Costco Wholesale from $612.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $615.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Northcoast Research cut Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 target price on the stock. in a research note on Wednesday, December 20th. Finally, Citigroup increased their price target on Costco Wholesale from $585.00 to $630.00 and gave the stock a “neutral” rating in a report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $668.50.

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.