Ironwood Financial llc Has $2.75 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Ironwood Financial llc boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,754 shares of the retailer’s stock after buying an additional 26 shares during the quarter. Ironwood Financial llc’s holdings in Costco Wholesale were worth $2,751,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COST. Clarity Wealth Advisors LLC lifted its stake in shares of Costco Wholesale by 2.7% in the 1st quarter. Clarity Wealth Advisors LLC now owns 11,816 shares of the retailer’s stock valued at $8,657,000 after purchasing an additional 307 shares during the period. Waterway Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 1st quarter valued at $224,000. Sandy Cove Advisors LLC lifted its stake in shares of Costco Wholesale by 14.5% in the 1st quarter. Sandy Cove Advisors LLC now owns 788 shares of the retailer’s stock valued at $578,000 after purchasing an additional 100 shares during the period. D.B. Root & Company LLC lifted its stake in shares of Costco Wholesale by 4.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,726 shares of the retailer’s stock valued at $2,730,000 after purchasing an additional 166 shares during the period. Finally, Trilogy Capital Inc. acquired a new position in shares of Costco Wholesale in the 1st quarter valued at $213,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on COST. Evercore ISI upped their price objective on shares of Costco Wholesale from $860.00 to $890.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Loop Capital upped their price objective on shares of Costco Wholesale from $890.00 to $940.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Tigress Financial upped their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. TD Cowen upped their price objective on shares of Costco Wholesale from $777.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, DA Davidson restated a “neutral” rating and issued a $680.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $756.85.

Costco Wholesale Trading Down 0.1 %

Shares of NASDAQ:COST opened at $849.99 on Monday. Costco Wholesale Co. has a 52-week low of $524.63 and a 52-week high of $873.96. The company has a market capitalization of $376.83 billion, a P/E ratio of 52.66, a price-to-earnings-growth ratio of 5.63 and a beta of 0.78. The company has a 50-day simple moving average of $801.95 and a 200 day simple moving average of $740.64. 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 (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) 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 the consensus estimate of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $3.43 earnings per share. Sell-side analysts forecast 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. Shareholders of record on Friday, April 26th were given a dividend of $1.16 per share. The ex-dividend date was Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.55%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

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.