Dynamic Advisor Solutions LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Dynamic Advisor Solutions LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,579 shares of the retailer’s stock after purchasing an additional 1,278 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Costco Wholesale were worth $17,274,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Providence Capital Advisors LLC lifted its stake in Costco Wholesale by 25.1% in the 3rd quarter. Providence Capital Advisors LLC now owns 304 shares of the retailer’s stock worth $172,000 after purchasing an additional 61 shares in the last quarter. Cadence Bank boosted its stake in Costco Wholesale by 0.7% during the third quarter. Cadence Bank now owns 3,866 shares of the retailer’s stock valued at $2,184,000 after buying an additional 25 shares during the last quarter. Peloton Wealth Strategists grew its holdings in Costco Wholesale by 119.6% during the 3rd quarter. Peloton Wealth Strategists now owns 2,350 shares of the retailer’s stock valued at $1,328,000 after buying an additional 1,280 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Costco Wholesale by 8.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,734 shares of the retailer’s stock worth $979,000 after acquiring an additional 138 shares during the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Costco Wholesale by 30.6% during the 3rd quarter. Profund Advisors LLC now owns 32,902 shares of the retailer’s stock worth $18,588,000 after acquiring an additional 7,716 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.5 %

Shares of COST stock traded up $4.57 on Tuesday, hitting $852.73. The stock had a trading volume of 744,656 shares, compared to its average volume of 1,972,814. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a one year low of $521.26 and a one year high of $873.96. The business has a 50 day moving average price of $790.73 and a 200 day moving average price of $734.25. The company has a market cap of $378.04 billion, a PE ratio of 52.74, a P/E/G ratio of 5.61 and a beta of 0.79.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.43 EPS. Research analysts anticipate that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were issued a $1.16 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.54%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of Costco Wholesale from $850.00 to $905.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Sunday, June 2nd. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a research report on Wednesday, April 3rd. Loop Capital lifted their price target on Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Finally, DA Davidson restated a “neutral” rating and issued a $680.00 price target on shares of Costco Wholesale in a research report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $756.85.

Read Our Latest Report on COST

About Costco Wholesale

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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