Neville Rodie & Shaw Inc. Has $25.78 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Neville Rodie & Shaw Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,192 shares of the retailer’s stock after acquiring an additional 133 shares during the quarter. Costco Wholesale accounts for 2.0% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 12th largest holding. Neville Rodie & Shaw Inc.’s holdings in Costco Wholesale were worth $25,783,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale during the 4th quarter worth $25,000. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale in the fourth quarter valued at about $26,000. Morton Brown Family Wealth LLC raised its stake in Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth about $30,000. Finally, Vima LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $34,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Tigress Financial upped their price objective on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Argus upped their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. TD Cowen increased their price target on Costco Wholesale from $777.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Wells Fargo & Company boosted their price objective on Costco Wholesale from $750.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Finally, Citigroup increased their target price on Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $752.96.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $862.44 on Friday. The stock has a market capitalization of $382.35 billion, a price-to-earnings ratio of 53.43, a PEG ratio of 5.76 and a beta of 0.79. Costco Wholesale Co. has a 52-week low of $516.54 and a 52-week high of $873.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The stock’s 50 day moving average price is $785.79 and its two-hundred day moving average price is $729.10.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The company had revenue of $58.52 billion for the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. Costco Wholesale’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.43 EPS. On average, equities analysts predict that Costco Wholesale Co. will post 15.96 earnings per share for the current year.

Costco Wholesale Increases Dividend

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

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.