Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Mirador Capital Partners LP

Mirador Capital Partners LP lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,431 shares of the retailer’s stock after purchasing an additional 48 shares during the quarter. Mirador Capital Partners LP’s holdings in Costco Wholesale were worth $3,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its position in shares of Costco Wholesale by 1.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock worth $16,302,000 after buying an additional 273 shares during the period. Main Street Financial Solutions LLC lifted its stake in shares of Costco Wholesale by 4.7% in the 4th quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 79 shares in the last quarter. Cerity Partners LLC grew its holdings 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 worth $179,822,000 after purchasing an additional 61,122 shares during the period. Metis Global Partners LLC increased its position in Costco Wholesale by 15.6% during the 4th quarter. Metis Global Partners LLC now owns 21,514 shares of the retailer’s stock worth $14,201,000 after purchasing an additional 2,909 shares in the last quarter. Finally, Strong Tower Advisory Services raised its holdings in Costco Wholesale by 7.9% in the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on COST shares. Oppenheimer increased their price objective on shares of Costco Wholesale from $850.00 to $905.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Evercore ISI raised their price objective on Costco Wholesale from $860.00 to $890.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Truist Financial boosted their price objective on Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Stifel Nicolaus increased their target price on Costco Wholesale from $800.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Citigroup boosted their price target on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $756.85.

Insider Activity at Costco Wholesale

In other Costco Wholesale 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 value of $567,445.10. Following the sale, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $845.67 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $801.95 and a 200 day simple moving average of $740.64. Costco Wholesale Co. has a fifty-two week low of $524.63 and a fifty-two week high of $873.96. The company has a market cap of $374.91 billion, a PE ratio of 52.40, a P/E/G ratio of 5.63 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.43 EPS. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 15.96 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) 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.