Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Madrona Financial Services LLC

Madrona Financial Services LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,740 shares of the retailer’s stock after purchasing an additional 48 shares during the quarter. Costco Wholesale makes up approximately 1.5% of Madrona Financial Services LLC’s holdings, making the stock its 19th biggest holding. Madrona Financial Services LLC’s holdings in Costco Wholesale were worth $4,205,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Richelieu Gestion SA bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $25,000. Frank Rimerman Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the 1st quarter valued at about $32,000. Morton Brown Family Wealth LLC grew its position in shares of Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after buying an additional 30 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Tigress Financial upped their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $750.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. TD Cowen upped their target price on shares of Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Finally, Argus upped their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $758.70.

Costco Wholesale Stock Up 0.4 %

Shares of NASDAQ:COST opened at $862.66 on Thursday. 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 53.45, a price-to-earnings-growth ratio of 5.68 and a beta of 0.78. Costco Wholesale Co. has a 52 week low of $524.63 and a 52 week high of $873.96. The firm has a 50 day simple moving average of $807.29 and a 200 day simple moving average of $743.56.

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

Costco Wholesale Increases Dividend

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

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $7,228,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.18% of the stock is 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.