McDonough Capital Management Inc Purchases 352 Shares of Costco Wholesale Co. (NASDAQ:COST)

McDonough Capital Management Inc increased its position in Costco Wholesale Co. (NASDAQ:COST) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,837 shares of the retailer’s stock after acquiring an additional 352 shares during the period. Costco Wholesale comprises approximately 3.0% of McDonough Capital Management Inc’s holdings, making the stock its 11th largest position. McDonough Capital Management Inc’s holdings in Costco Wholesale were worth $4,575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new position in Costco Wholesale during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale during the 4th quarter valued at $31,000. NewSquare Capital LLC lifted its holdings in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares during the period. Collier Financial purchased a new position in shares of Costco Wholesale in the 4th quarter worth $35,000. Finally, Clear Investment Research LLC grew its holdings in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after acquiring an additional 10 shares during the period. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Truist Financial increased their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Morgan Stanley increased their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Tuesday, June 3rd. Cfra Research raised shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Finally, Mizuho assumed coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They set a “neutral” rating and a $975.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,035.32.

Insider Transactions at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the sale, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the transaction, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,600 shares of company stock valued at $9,140,195. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Up 0.4%

COST stock opened at $1,014.94 on Monday. The company has a market capitalization of $450.31 billion, a price-to-earnings ratio of 59.60, a PEG ratio of 6.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1-year low of $793.00 and a 1-year high of $1,078.24. The business has a 50 day simple moving average of $993.68 and a two-hundred day simple moving average of $979.81.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.04. The company had revenue of $63.21 billion during the quarter, compared to analysts’ expectations of $62.93 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Costco Wholesale’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $3.78 earnings per share. Research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.51%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s payout ratio is 29.50%.

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.