EdgeRock Capital LLC Has $422,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

EdgeRock Capital LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 33.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 593 shares of the retailer’s stock after buying an additional 147 shares during the quarter. EdgeRock Capital LLC’s holdings in Costco Wholesale were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Everpar Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $231,000. Gryphon Financial Partners LLC increased its position in shares of Costco Wholesale by 62.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock worth $2,184,000 after acquiring an additional 1,274 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its holdings in shares of Costco Wholesale by 19.9% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,311 shares of the retailer’s stock worth $881,000 after acquiring an additional 218 shares during the period. Barlow Wealth Partners Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at $19,796,000. Finally, Patrick M Sweeney & Associates Inc. bought a new position in Costco Wholesale during the 4th quarter worth about $1,704,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on COST shares. Gordon Haskett cut 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. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Roth Mkm raised their price objective on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Telsey Advisory Group restated an “outperform” rating and issued a $800.00 price objective on shares of Costco Wholesale in a report on Monday. Finally, Loop Capital decreased their price objective on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $694.48.

Costco Wholesale Price Performance

COST traded up $14.86 during trading on Tuesday, hitting $771.31. 1,896,810 shares of the stock traded hands, compared to its average volume of 2,036,400. The business has a 50 day moving average price of $731.22 and a 200 day moving average price of $675.97. The company has a market cap of $342.08 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 4.95 and a beta of 0.77. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08. 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 (NASDAQ:COST) last posted its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share 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 analysts’ expectations of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 earnings per share. Equities research analysts forecast that Costco Wholesale Co. will post 15.84 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is presently 30.35%.

Insiders Place Their Bets

In related news, EVP Russell D. Miller sold 785 shares of the business’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 $7,228,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Russell D. Miller sold 785 shares of the business’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 $7,228,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the business’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 completion of the sale, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,727 shares of company stock valued at $2,682,948. 0.18% of the stock is currently owned by insiders.

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.