One Day In July LLC Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

One Day In July LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 571 shares of the retailer’s stock after purchasing an additional 19 shares during the quarter. One Day In July LLC’s holdings in Costco Wholesale were worth $377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in shares of Costco Wholesale by 1.0% during the 3rd 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 during the last quarter. Keating Investment Counselors Inc. boosted its position in shares of Costco Wholesale by 43.0% during the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after acquiring an additional 795 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Costco Wholesale by 28.9% during the 4th quarter. Cerity Partners LLC now owns 272,288 shares of the retailer’s stock valued at $179,822,000 after acquiring an additional 61,122 shares during the last quarter. Rice Partnership LLC boosted its position in shares of Costco Wholesale by 21.0% during the 3rd quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock valued at $6,633,000 after acquiring an additional 2,038 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC boosted its position in shares of Costco Wholesale by 23.5% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 814 shares of the retailer’s stock valued at $538,000 after acquiring an additional 155 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.0 %

COST traded up $0.15 on Wednesday, hitting $723.05. The company had a trading volume of 411,491 shares, compared to its average volume of 2,025,509. 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 stock has a market capitalization of $320.67 billion, a price-to-earnings ratio of 47.12, a P/E/G ratio of 4.84 and a beta of 0.77. The stock has a fifty day moving average price of $730.40 and a 200-day moving average price of $669.72. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.08.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results 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. The business had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $3.30 earnings per share. Analysts predict that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) is currently 30.35%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of analyst reports. Roth Mkm raised their price target on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Tigress Financial increased their target price on Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $800.00 target price on shares of Costco Wholesale in a research note on Thursday, April 11th. Loop Capital reduced their target price on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $694.48.

Insiders Place Their Bets

In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction dated 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 completion of the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction dated 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 completion of the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the sale, the director now directly owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,727 shares of company stock valued at $2,682,948. 0.18% of the stock is currently owned by corporate insiders.

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.