DGS Capital Management LLC Buys 29 Shares of Costco Wholesale Co. (NASDAQ:COST)

DGS Capital Management LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.5% during the 4th quarter, HoldingsChannel reports. The fund owned 416 shares of the retailer’s stock after acquiring an additional 29 shares during the quarter. DGS Capital Management LLC’s holdings in Costco Wholesale were worth $275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $25,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $26,000. Morton Brown Family Wealth LLC increased its stake 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 worth $30,000 after purchasing an additional 30 shares during the last quarter. Steph & Co. increased its stake in shares of Costco Wholesale by 42.3% during the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $49,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In related news, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the transaction, the director now directly owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the transaction, the director now directly owns 216,212 shares in the company, valued at $148,306,297.16. The disclosure for this sale can be found here. Insiders sold a total of 13,442 shares of company stock worth $9,303,768 over the last three months. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $800.00 price objective on shares of Costco Wholesale in a research note on Thursday, April 11th. Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a report on Wednesday, April 3rd. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Truist Financial lifted their target price on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $691.28.

Costco Wholesale Trading Down 0.3 %

COST opened at $715.97 on Wednesday. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $730.92 and a 200-day moving average of $658.84. The stock has a market cap of $317.53 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 4.78 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $59.11 billion. During the same period in the prior year, the company posted $3.30 earnings per share. Costco Wholesale’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $1.16 per share. The ex-dividend date is Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a dividend yield of 0.65%. Costco Wholesale’s dividend payout ratio is 26.68%.

Costco Wholesale 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.