MSH Capital Advisors LLC Buys Shares of 1,604 Costco Wholesale Co. (NASDAQ:COST)

MSH Capital Advisors LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,604 shares of the retailer’s stock, valued at approximately $1,470,000.

A number of other large investors have also recently made changes to their positions in COST. Synergy Investment Management LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at about $31,000. NewSquare Capital LLC boosted its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Collier Financial purchased a new stake in Costco Wholesale in the fourth quarter worth about $35,000. Finally, Barrett & Company Inc. lifted its stake in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 0.2 %

Shares of NASDAQ COST opened at $976.92 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $433.44 billion, a P/E ratio of 57.36, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The business has a fifty day moving average price of $980.13 and a 200 day moving average price of $950.65. Costco Wholesale Co. has a 1-year low of $702.00 and a 1-year high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Equities research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. Costco Wholesale’s dividend payout ratio is currently 27.09%.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of research analyst reports. Truist Financial upped their price target on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, April 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,024.03.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the sale, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at $38,242,687. This represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,600 shares of company stock worth $5,215,915. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Company 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.