JNBA Financial Advisors Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

JNBA Financial Advisors boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 17.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451 shares of the retailer’s stock after acquiring an additional 67 shares during the period. JNBA Financial Advisors’ holdings in Costco Wholesale were worth $159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in COST. Granite Investment Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter valued at approximately $205,000. Cypress Capital Group increased its holdings in shares of Costco Wholesale by 13.4% in the fourth quarter. Cypress Capital Group now owns 14,799 shares of the retailer’s stock valued at $5,577,000 after buying an additional 1,743 shares in the last quarter. Bainco International Investors lifted its stake in Costco Wholesale by 3.7% during the fourth quarter. Bainco International Investors now owns 18,593 shares of the retailer’s stock valued at $7,006,000 after buying an additional 670 shares in the last quarter. Red Door Wealth Management LLC raised its stake in Costco Wholesale by 7.2% during the 4th quarter. Red Door Wealth Management LLC now owns 4,366 shares of the retailer’s stock valued at $1,645,000 after purchasing an additional 292 shares during the period. Finally, Burns J W & Co. Inc. NY boosted its position in shares of Costco Wholesale by 4.9% in the fourth quarter. Burns J W & Co. Inc. NY now owns 12,408 shares of the retailer’s stock worth $4,675,000 after buying an additional 583 shares during the period. 67.21% of the stock is owned by institutional investors.

COST stock opened at $378.18 on Wednesday. The company has a market cap of $167.36 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 4.17 and a beta of 0.66. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. Costco Wholesale Co. has a twelve month low of $293.84 and a twelve month high of $393.15. The business has a 50 day moving average price of $364.94 and a two-hundred day moving average price of $362.05.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Wednesday, March 3rd. The retailer reported $2.14 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.31). The company had revenue of $44.77 billion for the quarter, compared to the consensus estimate of $43.71 billion. Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 EPS. On average, equities research analysts anticipate that Costco Wholesale Co. will post 9.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, April 29th. Costco Wholesale’s dividend payout ratio is presently 35.71%.

Several brokerages have recently issued reports on COST. DA Davidson reduced their price target on Costco Wholesale from $390.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 11th. Loop Capital lifted their price target on shares of Costco Wholesale from $405.00 to $415.00 and gave the company a “buy” rating in a research report on Thursday, May 6th. They noted that the move was a valuation call. Robert W. Baird dropped their target price on shares of Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating on the stock in a report on Thursday, March 11th. Stifel Nicolaus increased their target price on Costco Wholesale from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Costco Wholesale from $344.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $389.92.

In other news, CFO Richard A. Galanti sold 2,230 shares of Costco Wholesale stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $372.06, for a total transaction of $829,693.80. Following the sale, the chief financial officer now owns 22,871 shares of the company’s stock, valued at approximately $8,509,384.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Roland Michael Vachris sold 4,300 shares of the stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $334.30, for a total transaction of $1,437,490.00. Following the sale, the vice president now directly owns 15,602 shares in the company, valued at $5,215,748.60. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It 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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