Costco Wholesale Co. (NASDAQ:COST) Shares Bought by First National Corp MA ADV

First National Corp MA ADV lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,098 shares of the retailer’s stock after purchasing an additional 15 shares during the period. First National Corp MA ADV’s holdings in Costco Wholesale were worth $2,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in Costco Wholesale by 1.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock valued at $16,302,000 after acquiring an additional 273 shares in the last quarter. Keating Investment Counselors Inc. lifted its position in Costco Wholesale by 43.0% during the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock worth $1,493,000 after acquiring an additional 795 shares during the period. Rice Partnership LLC lifted its holdings in shares of Costco Wholesale by 21.0% during the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock worth $6,633,000 after purchasing an additional 2,038 shares during the period. Cyndeo Wealth Partners LLC boosted its holdings in shares of Costco Wholesale by 79.6% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 10,358 shares of the retailer’s stock valued at $6,837,000 after acquiring an additional 4,592 shares in the last quarter. Finally, Resources Management Corp CT ADV increased its position in Costco Wholesale by 1,396.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 14,960 shares of the retailer’s stock worth $8,054,000 after purchasing an additional 13,960 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on COST. Tigress Financial increased their price objective on shares of Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Truist Financial lifted their price target on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Wells Fargo & Company lifted their price objective on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. DA Davidson raised their price objective on shares of Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a report on Friday, December 15th. Finally, Stifel Nicolaus upped their price target on Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $668.50.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were 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 in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the transaction, the director now owns 12,395 shares in the company, valued at approximately $8,967,534.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the sale, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock worth $10,736,778 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Up 0.1 %

NASDAQ:COST opened at $733.09 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $787.08. The business’s fifty day moving average price is $723.33 and its 200 day moving average price is $641.98. The firm has a market capitalization of $325.13 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 5.07 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same quarter last year, the business posted $3.30 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts forecast that Costco Wholesale Co. will post 15.78 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 0.56%. The ex-dividend date was Thursday, February 1st. Costco Wholesale’s payout ratio is presently 26.68%.

About Costco Wholesale

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.