GM Advisory Group LLC Has $3.52 Million Stock Position in Costco Wholesale Corporation $COST

GM Advisory Group LLC grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,718 shares of the retailer’s stock after acquiring an additional 39 shares during the quarter. GM Advisory Group LLC’s holdings in Costco Wholesale were worth $3,517,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bosun Asset Management LLC increased its position in Costco Wholesale by 1.6% during the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer’s stock worth $583,000 after buying an additional 10 shares during the period. Corps Capital Advisors LLC increased its position in Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after buying an additional 10 shares during the period. Covestor Ltd increased its position in Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after buying an additional 10 shares during the period. Coppell Advisory Solutions LLC increased its position in Costco Wholesale by 0.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 3,437 shares of the retailer’s stock worth $3,163,000 after buying an additional 11 shares during the period. Finally, Rooted Wealth Advisors Inc. increased its position in Costco Wholesale by 2.6% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock worth $404,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, August 4th. Evercore ISI lowered their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 17th. Loop Capital lowered their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Finally, Truist Financial increased their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,050.00.

Costco Wholesale Stock Performance

COST opened at $980.85 on Wednesday. The firm has a market cap of $434.99 billion, a P/E ratio of 55.64, a price-to-earnings-growth ratio of 6.09 and a beta of 0.96. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The business’s fifty day moving average is $971.19 and its 200-day moving average is $986.09.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.04. The company had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.Costco Wholesale’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.78 EPS. Sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is 29.50%.

Insiders Place Their Bets

In related news, Director Susan L. Decker sold 547 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at $11,300,380. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Patrick J. Callans sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the sale, the executive vice president directly owned 58,543 shares in the company, valued at $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,547 shares of company stock valued at $9,472,510. 0.18% of the stock is owned by corporate insiders.

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.