Valeo Financial Advisors LLC Has $10.91 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Valeo Financial Advisors LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,887 shares of the retailer’s stock after buying an additional 862 shares during the period. Valeo Financial Advisors LLC’s holdings in Costco Wholesale were worth $10,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its holdings in shares of Costco Wholesale by 1.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock worth $16,302,000 after purchasing an additional 273 shares during the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Costco Wholesale by 4.7% during the fourth quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock worth $1,164,000 after buying an additional 79 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Costco Wholesale by 28.9% in the fourth quarter. Cerity Partners LLC now owns 272,288 shares of the retailer’s stock valued at $179,822,000 after acquiring an additional 61,122 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Costco Wholesale by 15.6% in the 4th quarter. Metis Global Partners LLC now owns 21,514 shares of the retailer’s stock worth $14,201,000 after acquiring an additional 2,909 shares in the last quarter. Finally, Strong Tower Advisory Services grew its position in Costco Wholesale by 7.9% during the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.4 %

COST stock traded up $3.30 during midday trading on Wednesday, hitting $862.66. 811,549 shares of the company’s stock were exchanged, compared to its average volume of 1,958,359. Costco Wholesale Co. has a one year low of $524.63 and a one year high of $873.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The company has a market cap of $382.44 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 5.63 and a beta of 0.78. The stock’s fifty day moving average price is $807.29 and its 200-day moving average price is $743.56.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.08. The business had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. Costco Wholesale’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.43 EPS. Research analysts predict that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a dividend of $1.16 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 annualized dividend and a dividend yield of 0.54%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Telsey Advisory Group boosted their price objective on Costco Wholesale from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Barclays upped their price target on shares of Costco Wholesale from $700.00 to $765.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Citigroup raised their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. Roth Mkm reiterated a “neutral” rating and set a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Finally, Truist Financial raised their price target 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. Seven investment 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 company has an average rating of “Moderate Buy” and a consensus target price of $758.70.

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.