Midland Wealth Advisors LLC Makes New $2.26 Million Investment in Costco Wholesale Co. (NASDAQ:COST)

Midland Wealth Advisors LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,419 shares of the retailer’s stock, valued at approximately $2,257,000.

A number of other large investors also recently bought and sold shares of COST. Norges Bank purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $3,628,694,000. Northern Trust Corp increased its holdings in shares of Costco Wholesale by 4.3% in the 3rd quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock valued at $2,901,040,000 after purchasing an additional 210,586 shares in the last quarter. Capital World Investors increased its holdings in shares of Costco Wholesale by 3.9% in the 4th quarter. Capital World Investors now owns 3,539,245 shares of the retailer’s stock valued at $2,336,198,000 after purchasing an additional 132,292 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Costco Wholesale by 61,693.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after acquiring an additional 3,100,099 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Costco Wholesale by 3.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock valued at $1,844,581,000 after acquiring an additional 85,398 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 785 shares of the business’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 transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

COST traded down $1.50 during trading on Wednesday, hitting $847.81. 1,837,106 shares of the company’s stock were exchanged, compared to its average volume of 1,982,010. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 1 year low of $516.54 and a 1 year high of $855.74. The stock has a 50 day moving average price of $768.40 and a 200 day moving average price of $718.76. The firm has a market cap of $375.86 billion, a P/E ratio of 52.53, a price-to-earnings-growth ratio of 5.61 and a beta of 0.79.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. During the same period in the previous year, the firm earned $3.43 earnings per share. Costco Wholesale’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, analysts expect that Costco Wholesale Co. will post 15.96 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were paid a dividend of $1.16 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s payout ratio is currently 28.75%.

Analyst Ratings Changes

Several equities analysts have weighed in on COST shares. TD Cowen raised their target price on shares of Costco Wholesale from $777.00 to $850.00 and gave the company a “buy” rating in a report on Friday, May 31st. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Sunday, June 2nd. Truist Financial raised their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a report on Friday, May 31st. BMO Capital Markets restated an “outperform” rating and set a $875.00 target price (up from $800.00) on shares of Costco Wholesale in a report on Friday, May 31st. Finally, DA Davidson reaffirmed a “neutral” rating and set a $680.00 price target on shares of Costco Wholesale in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $750.00.

View Our Latest Stock Report on Costco Wholesale

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.

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

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