Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 68.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,841 shares of the retailer's stock after purchasing an additional 1,561 shares during the quarter. Main Street Financial Solutions LLC's holdings in Costco Wholesale were worth $3,519,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in COST. Synergy Investment Management LLC bought a new stake in Costco Wholesale in the 4th quarter worth approximately $31,000. NewSquare Capital LLC grew its holdings in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the fourth quarter valued at $33,000. Collier Financial bought a new position in Costco Wholesale during the fourth quarter valued at $35,000. Finally, Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after buying an additional 16 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the transaction, the executive vice president now owns 11,165 shares of the company's stock, valued at $10,495,211.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares of the company's stock, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock worth $5,215,915 over the last quarter. Insiders own 0.18% of the company's stock.

Costco Wholesale Stock Up 2.8 %

Shares of NASDAQ:COST traded up $26.75 during trading hours on Friday, hitting $994.50. The company's stock had a trading volume of 2,705,128 shares, compared to its average volume of 2,016,146. The firm's fifty day moving average price is $975.99 and its 200 day moving average price is $953.37. Costco Wholesale Co. has a 52 week low of $706.17 and a 52 week high of $1,078.24. The company has a market capitalization of $441.24 billion, a price-to-earnings ratio of 58.40, a P/E/G ratio of 6.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.52%. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio (DPR) is presently 27.09%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COST shares. Evercore ISI upped their target price on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Barclays raised their price objective on Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Loop Capital cut their target price on Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Truist Financial raised their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research report on Friday, March 7th. Finally, Cfra Research upgraded shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,024.03.

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.