Goodman Advisory Group LLC Buys 1,487 Shares of Costco Wholesale Co. (NASDAQ:COST)

Goodman Advisory Group LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 336.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,929 shares of the retailer’s stock after acquiring an additional 1,487 shares during the period. Goodman Advisory Group LLC’s holdings in Costco Wholesale were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $25,000. Morton Brown Family Wealth LLC boosted its position in shares of 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 buying an additional 30 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $26,000. Steph & Co. boosted its position in shares of Costco Wholesale by 42.3% during the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after buying an additional 22 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $49,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Costco Wholesale

In related news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the sale, the vice president now directly owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares in the company, valued at approximately $8,967,534.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Yoram Rubanenko sold 2,500 shares of Costco Wholesale stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the transaction, the vice president now owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. Insiders sold 13,442 shares of company stock valued at $9,303,768 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on COST shares. Gordon Haskett cut Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective for the company. in a research report on Wednesday, April 3rd. Truist Financial increased their price target on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Oppenheimer increased their price target on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Roth Mkm upped their price objective on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $691.28.

Costco Wholesale Trading Down 0.5 %

Shares of COST stock traded down $3.33 during mid-day trading on Wednesday, hitting $712.64. The company’s stock had a trading volume of 468,901 shares, compared to its average volume of 2,088,803. The company’s fifty day simple moving average is $730.92 and its 200-day simple moving average is $658.84. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. 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 company has a market cap of $316.06 billion, a PE ratio of 46.79, a P/E/G ratio of 4.78 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same period in the previous year, the company posted $3.30 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.65%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s payout ratio is presently 26.68%.

About Costco Wholesale

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.