2,505 Shares in Costco Wholesale Corporation $COST Bought by Westview Management dba Westview Investment Advisors

Westview Management dba Westview Investment Advisors acquired a new stake in Costco Wholesale Corporation (NASDAQ:COST) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,505 shares of the retailer’s stock, valued at approximately $2,160,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COST. Norges Bank bought a new position in shares of Costco Wholesale in the second quarter worth about $5,692,035,000. Laurel Wealth Advisors LLC increased its position in Costco Wholesale by 96,316.6% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,378,758 shares of the retailer’s stock worth $1,364,888,000 after purchasing an additional 1,377,328 shares in the last quarter. Amundi increased its position in Costco Wholesale by 45.0% during the 3rd quarter. Amundi now owns 3,176,606 shares of the retailer’s stock worth $2,893,697,000 after purchasing an additional 986,182 shares in the last quarter. Invesco Ltd. lifted its stake in Costco Wholesale by 9.8% in the 2nd quarter. Invesco Ltd. now owns 4,291,557 shares of the retailer’s stock valued at $4,248,384,000 after purchasing an additional 383,887 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in Costco Wholesale by 112.2% in the third quarter. Voloridge Investment Management LLC now owns 477,425 shares of the retailer’s stock valued at $441,919,000 after buying an additional 252,453 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 730 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total value of $732,204.60. Following the completion of the transaction, the executive vice president directly owned 6,121 shares in the company, valued at approximately $6,139,485.42. This represents a 10.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa A. Jones sold 850 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $986.26, for a total value of $838,321.00. Following the completion of the sale, the executive vice president directly owned 4,228 shares of the company’s stock, valued at approximately $4,169,907.28. This represents a 16.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,645 shares of company stock valued at $7,049,302 in the last three months. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COST has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Costco Wholesale from $926.00 to $977.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,050.00 target price on shares of Costco Wholesale in a research note on Thursday, March 5th. Telsey Advisory Group lifted their price target on shares of Costco Wholesale from $1,100.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Robert W. Baird set a $1,100.00 price objective on Costco Wholesale in a report on Thursday, February 5th. Finally, Mizuho boosted their target price on shares of Costco Wholesale from $1,000.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,039.13.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $965.73 on Tuesday. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,067.08. The firm has a market capitalization of $428.45 billion, a PE ratio of 50.22, a P/E/G ratio of 4.80 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $984.72 and a two-hundred day moving average price of $938.56.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 5th. The retailer reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The firm had revenue of $69.60 billion for the quarter, compared to the consensus estimate of $68.96 billion. During the same period in the prior year, the firm posted $4.02 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $1.30 dividend. The ex-dividend date was Friday, January 30th. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s payout ratio is 27.04%.

Costco Wholesale Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.