Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Chapin Davis Inc.

Chapin Davis Inc. lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 767 shares of the retailer’s stock after acquiring an additional 21 shares during the period. Chapin Davis Inc.’s holdings in Costco Wholesale were worth $562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COST. Richelieu Gestion SA bought a new position in Costco Wholesale during the 4th quarter worth $25,000. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale during the 4th quarter worth $26,000. Morton Brown Family Wealth LLC increased its holdings in shares of Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after purchasing an additional 30 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at $30,000. Finally, Vima LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at $34,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COST has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on Costco Wholesale from $800.00 to $850.00 and gave the company a “buy” rating in a report on Friday, May 31st. Roth Mkm reaffirmed a “neutral” rating and set a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Sunday, June 2nd. Citigroup lifted their target price on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Finally, Truist Financial lifted their target price on Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $756.85.

Costco Wholesale Stock Up 0.7 %

Shares of Costco Wholesale stock traded up $5.69 during trading on Monday, hitting $855.68. 89,383 shares of the stock traded hands, compared to its average volume of 1,956,813. The stock has a market cap of $379.35 billion, a P/E ratio of 52.66, a PEG ratio of 5.63 and a beta of 0.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale Co. has a twelve month low of $524.63 and a twelve month high of $873.96. The company has a fifty day moving average price of $801.95 and a two-hundred day moving average price of $740.64.

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

Costco Wholesale Increases Dividend

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

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of Costco Wholesale 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 directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.18% of the stock is owned by company insiders.

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.