MGO Private Wealth LLC Acquires 285 Shares of Costco Wholesale Co. (NASDAQ:COST)

MGO Private Wealth LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 43.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 948 shares of the retailer’s stock after purchasing an additional 285 shares during the quarter. MGO Private Wealth LLC’s holdings in Costco Wholesale were worth $695,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kowal Investment Group LLC grew its position in shares of Costco Wholesale by 5.3% in the 1st quarter. Kowal Investment Group LLC now owns 954 shares of the retailer’s stock worth $699,000 after buying an additional 48 shares during the last quarter. Horizon Wealth Management LLC purchased a new position in shares of Costco Wholesale in the 1st quarter worth approximately $202,000. Diversified Trust Co grew its position in shares of Costco Wholesale by 0.3% in the 1st quarter. Diversified Trust Co now owns 6,547 shares of the retailer’s stock worth $4,797,000 after buying an additional 17 shares during the last quarter. Aviance Capital Partners LLC grew its position in shares of Costco Wholesale by 146.7% in the 1st quarter. Aviance Capital Partners LLC now owns 3,632 shares of the retailer’s stock worth $2,661,000 after buying an additional 2,160 shares during the last quarter. Finally, Mirador Capital Partners LP grew its position in shares of Costco Wholesale by 1.1% in the 1st quarter. Mirador Capital Partners LP now owns 4,431 shares of the retailer’s stock worth $3,246,000 after buying an additional 48 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $845.67 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The firm has a fifty day moving average price of $801.95 and a 200 day moving average price of $740.64. Costco Wholesale Co. has a 1 year low of $524.63 and a 1 year high of $873.96. The stock has a market cap of $374.91 billion, a P/E ratio of 52.40, a P/E/G ratio of 5.63 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. During the same period in the previous year, the business posted $3.43 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate 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 of this dividend was Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a yield of 0.55%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

COST has been the topic of a number of analyst reports. Loop Capital lifted their price objective on shares of Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Sunday, June 2nd. Roth Mkm reissued a “neutral” rating and set a $676.00 target price (up previously from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. BMO Capital Markets reissued an “outperform” rating and set a $875.00 target price (up previously from $800.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Finally, TD Cowen boosted their target price on shares of Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $756.85.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale 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.