Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Bailard Inc.

Bailard Inc. grew its position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,792 shares of the retailer’s stock after purchasing an additional 491 shares during the period. Costco Wholesale accounts for about 0.8% of Bailard Inc.’s investment portfolio, making the stock its 25th largest position. Bailard Inc.’s holdings in Costco Wholesale were worth $24,293,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Evolution Advisers Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $28,000. PSI Advisors LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth about $37,000. Consolidated Planning Corp acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth about $41,000. AHL Investment Management Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $43,000. Finally, Cranbrook Wealth Management LLC boosted its stake in shares of Costco Wholesale by 24.4% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 102 shares of the retailer’s stock worth $46,000 after purchasing an additional 20 shares during the last quarter. 67.52% of the stock is currently owned by institutional investors.

Shares of COST stock traded up $11.09 during mid-day trading on Friday, reaching $497.27. 2,337,780 shares of the company were exchanged, compared to its average volume of 2,523,248. Costco Wholesale Co. has a fifty-two week low of $375.50 and a fifty-two week high of $612.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.51 and a current ratio of 1.03. The company has a market capitalization of $220.40 billion, a P/E ratio of 40.07, a P/E/G ratio of 4.12 and a beta of 0.70. The business’s 50 day simple moving average is $554.67 and its 200 day simple moving average is $534.66.

Costco Wholesale (NASDAQ:COSTGet Rating) last released its quarterly earnings data on Thursday, March 3rd. The retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.18. The firm had revenue of $51.90 billion during the quarter, compared to the consensus estimate of $51.51 billion. Costco Wholesale had a net margin of 2.62% and a return on equity of 30.10%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.14 earnings per share. On average, analysts forecast that Costco Wholesale Co. will post 13.07 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, April 28th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s payout ratio is currently 29.01%.

In other news, VP Timothy L. Rose sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $566.29, for a total transaction of $2,265,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 4,498 shares of the business’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $603.00, for a total transaction of $2,712,294.00. Following the transaction, the insider now directly owns 13,108 shares of the company’s stock, valued at approximately $7,904,124. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,248 shares of company stock valued at $5,417,137. 0.22% of the stock is currently owned by corporate insiders.

COST has been the topic of several analyst reports. Oppenheimer raised their price target on shares of Costco Wholesale from $620.00 to $645.00 and gave the stock an “outperform” rating in a research note on Thursday, April 7th. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $555.00 to $565.00 in a research report on Thursday, May 5th. Credit Suisse Group reissued a “hold” rating and issued a $570.00 target price on shares of Costco Wholesale in a research report on Friday, March 4th. Telsey Advisory Group raised their price target on shares of Costco Wholesale from $610.00 to $615.00 and gave the company an “outperform” rating in a report on Friday, March 4th. Finally, Loop Capital raised their price target on shares of Costco Wholesale from $605.00 to $645.00 and gave the company a “buy” rating in a report on Thursday, April 7th. Six analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Buy” and a consensus target price of $576.79.

Costco Wholesale Profile (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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