Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Blue Fin Capital Inc.

Blue Fin Capital Inc. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,076 shares of the retailer’s stock after purchasing an additional 150 shares during the period. Costco Wholesale accounts for 1.8% of Blue Fin Capital Inc.’s investment portfolio, making the stock its 12th largest holding. Blue Fin Capital Inc.’s holdings in Costco Wholesale were worth $6,378,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of COST. Fortune 45 LLC increased its holdings in shares of Costco Wholesale by 8.6% in the first quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock valued at $401,000 after purchasing an additional 55 shares during the period. Close Asset Management Ltd purchased a new position in Costco Wholesale during the 4th quarter worth $164,500,000. Poplar Forest Capital LLC lifted its stake in shares of Costco Wholesale by 5.2% in the 4th quarter. Poplar Forest Capital LLC now owns 526 shares of the retailer’s stock worth $299,000 after acquiring an additional 26 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Costco Wholesale by 6.2% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 1,599 shares of the retailer’s stock valued at $908,000 after acquiring an additional 93 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in shares of Costco Wholesale by 3.6% during the first quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock worth $3,502,000 after acquiring an additional 209 shares during the period. 67.52% of the stock is currently owned by institutional investors.

In other Costco Wholesale news, VP Timothy L. Rose sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $566.29, for a total value of $2,265,160.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Agnes Wilderotter purchased 850 shares of Costco Wholesale stock in a transaction on Tuesday, June 7th. The shares were acquired at an average price of $470.74 per share, with a total value of $400,129.00. Following the transaction, the director now directly owns 11,295 shares in the company, valued at approximately $5,317,008.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 8,998 shares of company stock worth $5,278,469. Insiders own 0.22% of the company’s stock.

Several research firms have issued reports on COST. Evercore ISI boosted their target price on Costco Wholesale from $605.00 to $610.00 in a research report on Thursday, April 7th. Telsey Advisory Group reduced their price objective on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a research note on Friday, May 27th. Truist Financial increased their target price on shares of Costco Wholesale from $503.00 to $543.00 and gave the company a “buy” rating in a report on Friday, May 27th. BMO Capital Markets reissued a “buy” rating and set a $580.00 price target on shares of Costco Wholesale in a research note on Monday, May 30th. Finally, Stifel Nicolaus lifted their price objective on Costco Wholesale from $555.00 to $565.00 in a report on Thursday, May 5th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $569.56.

Shares of Costco Wholesale stock opened at $459.96 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. Costco Wholesale Co. has a 1 year low of $390.59 and a 1 year high of $612.27. The firm’s 50-day simple moving average is $496.50 and its 200-day simple moving average is $522.53. The firm has a market cap of $203.74 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 3.87 and a beta of 0.71.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its quarterly earnings data on Thursday, May 26th. The retailer reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.01. The firm had revenue of $52.60 billion for the quarter, compared to analysts’ expectations of $51.49 billion. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. Costco Wholesale’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.75 earnings per share. On average, equities analysts predict that Costco Wholesale Co. will post 13.02 earnings per share 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 0.78%. 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 28.35%.

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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