Costco Wholesale Co. (NASDAQ:COST) Holdings Lowered by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,246 shares of the retailer’s stock after selling 2,609 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Costco Wholesale were worth $17,716,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Walden Wealth Partners LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $774,000. Ables Iannone Moore & Associates Inc. acquired a new position in Costco Wholesale during the fourth quarter valued at $1,337,000. Leo Wealth LLC acquired a new position in Costco Wholesale during the fourth quarter valued at $2,536,000. Yeomans Consulting Group Inc. acquired a new position in Costco Wholesale during the fourth quarter valued at $264,000. Finally, Sivia Capital Partners LLC acquired a new position in Costco Wholesale during the fourth quarter valued at $2,605,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of COST traded up $12.24 during mid-day trading on Monday, reaching $867.91. The company had a trading volume of 1,903,868 shares, compared to its average volume of 1,971,242. The company’s 50-day moving average is $774.06 and its 200-day moving average is $723.29. Costco Wholesale Co. has a twelve month low of $516.54 and a twelve month high of $870.56. The company has a market capitalization of $384.77 billion, a P/E ratio of 53.86, a P/E/G ratio of 5.66 and a beta of 0.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $3.43 EPS. On average, equities analysts anticipate that Costco Wholesale Co. will post 15.96 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a $1.16 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Barclays upped their price target on Costco Wholesale from $700.00 to $765.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. DA Davidson reissued a “neutral” rating and set a $680.00 price target on shares of Costco Wholesale in a research report on Thursday, April 11th. Stifel Nicolaus upped their price target on Costco Wholesale from $800.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, May 31st. TD Cowen upped their target price on Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Finally, Oppenheimer upped their target price on Costco Wholesale from $850.00 to $905.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $751.85.

Check Out Our Latest Stock Analysis on COST

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction dated 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 directly owns 10,000 shares in the company, valued at $7,228,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Profile

(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.

Further Reading

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

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