Analyst IMS Investment Management Services Ltd. Buys 375 Shares of Costco Wholesale Co. (NASDAQ:COST)

Analyst IMS Investment Management Services Ltd. increased its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 9.0% during the fourth quarter, Holdings Channel reports. The firm owned 4,557 shares of the retailer’s stock after acquiring an additional 375 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Costco Wholesale were worth $3,008,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. DSM Capital Partners LLC bought a new position in Costco Wholesale in the fourth quarter valued at about $36,000. Wilson & Boucher Capital Management LLC grew its position in Costco Wholesale by 6.1% in the fourth quarter. Wilson & Boucher Capital Management LLC now owns 870 shares of the retailer’s stock valued at $574,000 after acquiring an additional 50 shares during the last quarter. Fortis Capital Advisors LLC grew its position in Costco Wholesale by 149.2% in the fourth quarter. Fortis Capital Advisors LLC now owns 2,871 shares of the retailer’s stock valued at $1,895,000 after acquiring an additional 1,719 shares during the last quarter. Intech Investment Management LLC grew its position in Costco Wholesale by 28.0% in the fourth quarter. Intech Investment Management LLC now owns 68,016 shares of the retailer’s stock valued at $44,896,000 after acquiring an additional 14,866 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Costco Wholesale by 20.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 14,773 shares of the retailer’s stock worth $9,751,000 after purchasing an additional 2,510 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on COST shares. Citigroup boosted their price target on Costco Wholesale from $630.00 to $710.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Evercore ISI boosted their price target on Costco Wholesale from $810.00 to $820.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Telsey Advisory Group restated an “outperform” rating and set a $800.00 price target on shares of Costco Wholesale in a report on Monday, May 6th. Tigress Financial lifted their price objective on Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Oppenheimer lifted their price objective on Costco Wholesale from $805.00 to $850.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $696.88.

Get Our Latest Stock Report on Costco Wholesale

Costco Wholesale Stock Performance

NASDAQ:COST traded up $13.39 during trading on Friday, reaching $809.73. The company’s stock had a trading volume of 1,622,970 shares, compared to its average volume of 1,621,363. Costco Wholesale Co. has a 12 month low of $476.75 and a 12 month high of $816.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm has a 50 day moving average of $742.68 and a 200-day moving average of $696.37. The firm has a market cap of $359.12 billion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 5.39 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared 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 represents a $4.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio is currently 30.35%.

Costco Wholesale Company 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.

Further Reading

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

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