Advance Capital Management Inc. Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Advance Capital Management Inc. lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 47.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371 shares of the retailer’s stock after acquiring an additional 119 shares during the quarter. Advance Capital Management Inc.’s holdings in Costco Wholesale were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Monument Group Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the 2nd quarter worth about $208,000. Motiv8 Investments LLC boosted its position in shares of Costco Wholesale by 2.9% in the 2nd quarter. Motiv8 Investments LLC now owns 1,009 shares of the retailer’s stock worth $859,000 after purchasing an additional 28 shares in the last quarter. Oxbow Advisors LLC grew its stake in shares of Costco Wholesale by 14.2% in the 2nd quarter. Oxbow Advisors LLC now owns 2,689 shares of the retailer’s stock worth $2,286,000 after buying an additional 335 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Costco Wholesale by 370.1% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,241 shares of the retailer’s stock valued at $1,055,000 after buying an additional 977 shares in the last quarter. Finally, Stonebrook Private Inc. raised its stake in Costco Wholesale by 1.6% during the second quarter. Stonebrook Private Inc. now owns 1,370 shares of the retailer’s stock valued at $1,164,000 after buying an additional 22 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock traded up $6.13 during trading on Monday, reaching $922.71. 1,882,886 shares of the stock traded hands, compared to its average volume of 1,610,474. The business has a fifty day simple moving average of $943.38 and a two-hundred day simple moving average of $896.64. Costco Wholesale Co. has a 52-week low of $654.03 and a 52-week high of $1,008.25. The company has a market capitalization of $409.59 billion, a price-to-earnings ratio of 54.18, a P/E/G ratio of 6.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Melius Research started coverage on Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target for the company. Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and upped their price objective for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. UBS Group lifted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the transaction, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,816 shares of company stock worth $6,981,347 over the last ninety days. Company insiders own 0.18% of the company’s stock.

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.