Overbrook Management Corp Has $1.03 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Overbrook Management Corp boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 14.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,553 shares of the retailer’s stock after buying an additional 194 shares during the period. Overbrook Management Corp’s holdings in Costco Wholesale were worth $1,025,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Richelieu Gestion SA bought a new stake in Costco Wholesale in the 4th quarter valued at about $25,000. Morton Brown Family Wealth LLC boosted its holdings in Costco Wholesale by 200.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after purchasing an additional 30 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at about $30,000. Steph & Co. boosted its holdings in Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after purchasing an additional 22 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in Costco Wholesale in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the sale, the director now directly owns 12,395 shares in the company, valued at $8,967,534.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the transaction, the director now directly owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,727 shares of company stock worth $2,682,948. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $800.00 price target on shares of Costco Wholesale in a report on Thursday, April 11th. Loop Capital cut their price target on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a report on Thursday, April 11th. DA Davidson reaffirmed a “neutral” rating and set a $680.00 price target on shares of Costco Wholesale in a report on Thursday, April 11th. Finally, The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $694.48.

Costco Wholesale Trading Up 1.0 %

COST opened at $729.18 on Friday. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month 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 fifty day moving average of $730.41 and a 200-day moving average of $666.04. The stock has a market cap of $323.39 billion, a PE ratio of 47.69, a price-to-earnings-growth ratio of 4.81 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion during 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 business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $3.30 earnings per share. On average, sell-side analysts predict that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.64%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.35%.

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.