DeDora Capital Inc. Has $2.64 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

DeDora Capital Inc. increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,996 shares of the retailer’s stock after acquiring an additional 34 shares during the period. Costco Wholesale comprises approximately 0.9% of DeDora Capital Inc.’s investment portfolio, making the stock its 27th largest holding. DeDora Capital Inc.’s holdings in Costco Wholesale were worth $2,638,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Howard Financial Services LTD. grew its stake in Costco Wholesale by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock worth $574,000 after purchasing an additional 15 shares during the period. First National Corp MA ADV increased its stake in shares of Costco Wholesale by 0.5% in the 4th quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock worth $2,045,000 after acquiring an additional 15 shares in the last quarter. Morton Capital Management LLC CA lifted its position in Costco Wholesale by 1.0% during the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after acquiring an additional 15 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in Costco Wholesale by 0.5% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 3,211 shares of the retailer’s stock worth $2,120,000 after acquiring an additional 16 shares in the last quarter. Finally, Advisory Resource Group lifted its holdings in shares of Costco Wholesale by 1.3% during the fourth quarter. Advisory Resource Group now owns 1,291 shares of the retailer’s stock valued at $852,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on COST shares. Truist Financial lifted their price objective on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Oppenheimer lifted their target price on shares of Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Finally, Loop Capital lifted their price target on shares of Costco Wholesale from $710.00 to $755.00 in a research note on Friday, January 19th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $668.50.

Insider Activity

In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total transaction of $927,220.00. Following the sale, the insider now directly owns 13,922 shares of the company’s stock, valued at $9,220,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Costco Wholesale news, EVP Caton Frates sold 740 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total transaction of $505,790.00. Following the completion of the transaction, the executive vice president now owns 6,721 shares in the company, valued at $4,593,803.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total value of $927,220.00. Following the sale, the insider now directly owns 13,922 shares of the company’s stock, valued at $9,220,540.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,582 shares of company stock worth $10,736,778. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

Shares of COST traded up $0.55 during midday trading on Thursday, hitting $732.63. 1,711,632 shares of the company traded hands, compared to its average volume of 2,158,359. The stock has a market cap of $324.92 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 5.07 and a beta of 0.77. The firm has a 50 day moving average of $724.29 and a 200-day moving average of $642.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $59.11 billion. During the same period in the prior year, the firm earned $3.30 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts forecast that Costco Wholesale Co. will post 15.78 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.56%. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

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.