Imprint Wealth LLC Purchases 50 Shares of Costco Wholesale Co. (NASDAQ:COST)

Imprint Wealth LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580 shares of the retailer’s stock after purchasing an additional 50 shares during the quarter. Imprint Wealth LLC’s holdings in Costco Wholesale were worth $397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its position in shares of Costco Wholesale by 1.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock worth $16,302,000 after purchasing an additional 273 shares in the last quarter. Keating Investment Counselors Inc. lifted its position in Costco Wholesale by 43.0% in the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after acquiring an additional 795 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Costco Wholesale by 28.9% in the 4th quarter. Cerity Partners LLC now owns 272,288 shares of the retailer’s stock worth $179,822,000 after buying an additional 61,122 shares during the last quarter. Rice Partnership LLC grew its stake in Costco Wholesale by 21.0% in the 3rd quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock valued at $6,633,000 after purchasing an additional 2,038 shares during the period. Finally, Rappaport Reiches Capital Management LLC grew its stake in Costco Wholesale by 23.5% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 814 shares of the retailer’s stock valued at $538,000 after purchasing an additional 155 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.0 %

NASDAQ:COST traded up $0.16 during trading hours on Tuesday, hitting $718.44. The company had a trading volume of 453,777 shares, compared to its average volume of 2,097,960. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $730.82 and a 200 day moving average of $657.77. The company has a market cap of $318.63 billion, a P/E ratio of 47.16, a P/E/G ratio of 4.87 and a beta of 0.77. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The firm had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $3.30 EPS. Sell-side analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a yield of 0.65%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is currently 26.68%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on COST shares. Telsey Advisory Group reiterated an “outperform” rating and set a $800.00 price target on shares of Costco Wholesale in a research note on Thursday, April 11th. Oppenheimer raised their price target on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. DA Davidson reissued a “neutral” rating and set a $680.00 price objective on shares of Costco Wholesale in a report on Thursday, April 11th. Loop Capital cut their price objective on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their price objective on Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $691.28.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares in the company, valued at $8,967,534.60. The disclosure for this sale can be found here. Insiders have sold 13,442 shares of company stock valued at $9,303,768 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.