Main Street Financial Solutions LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Main Street Financial Solutions LLC increased its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,763 shares of the retailer’s stock after acquiring an additional 79 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Costco Wholesale were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of COST. B. Riley Wealth Advisors Inc. increased its position in Costco Wholesale by 1.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock worth $16,302,000 after buying an additional 273 shares in the last quarter. Cerity Partners LLC raised its stake in Costco Wholesale by 28.9% during the 4th quarter. Cerity Partners LLC now owns 272,288 shares of the retailer’s stock worth $179,822,000 after acquiring an additional 61,122 shares during the period. Metis Global Partners LLC lifted its holdings in Costco Wholesale by 15.6% during the fourth quarter. Metis Global Partners LLC now owns 21,514 shares of the retailer’s stock valued at $14,201,000 after purchasing an additional 2,909 shares in the last quarter. Rice Partnership LLC lifted its holdings in Costco Wholesale by 21.0% during the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock valued at $6,633,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Rappaport Reiches Capital Management LLC boosted its position in shares of Costco Wholesale by 23.5% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 814 shares of the retailer’s stock worth $538,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was 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 disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of analyst reports. Loop Capital lowered their target price on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research note 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 research report on Monday, May 6th. Citigroup increased their target price on Costco Wholesale from $630.00 to $710.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday. Finally, Evercore ISI increased their price objective on shares of Costco Wholesale from $810.00 to $820.00 and gave the company an “outperform” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $695.08.

Get Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Trading Up 0.3 %

COST stock traded up $2.74 during mid-day trading on Friday, reaching $795.81. 1,309,108 shares of the stock traded hands, compared to its average volume of 1,665,366. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $804.56. The stock has a market capitalization of $352.94 billion, a PE ratio of 52.05, a PEG ratio of 5.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The business has a 50-day moving average price of $735.49 and a two-hundred day moving average price of $688.07.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating the consensus estimate of $3.62 by $0.09. The company had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.30 EPS. Equities research analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a dividend of $1.16 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is currently 30.35%.

About Costco Wholesale

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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