313 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Seven Post Investment Office LP

Seven Post Investment Office LP bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 313 shares of the retailer’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Richelieu Gestion SA bought a new stake in Costco Wholesale during the fourth quarter worth about $25,000. Morton Brown Family Wealth LLC lifted its stake in Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Costco Wholesale during the fourth quarter worth about $30,000. Steph & Co. lifted its stake in Costco Wholesale by 42.3% during the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in Costco Wholesale during the fourth quarter worth about $49,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the sale, 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 this hyperlink. In other 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 value of $1,072,245.00. Following the transaction, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,727 shares of company stock valued at $2,682,948. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Up 1.6 %

Shares of NASDAQ COST traded up $11.46 during midday trading on Friday, hitting $743.90. The stock had a trading volume of 2,323,300 shares, compared to its average volume of 1,605,560. The business’s 50 day moving average is $730.46 and its 200-day moving average is $671.71. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The company has a market cap of $329.92 billion, a P/E ratio of 48.65, a PEG ratio of 4.95 and a beta of 0.77.

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

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.62%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Roth Mkm boosted their target price 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 target price on Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Tigress Financial boosted their target price on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a research note on Wednesday, April 3rd. Finally, Oppenheimer boosted their target price on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $694.48.

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.