CCG Wealth Management LLC Buys 120 Shares of Costco Wholesale Co. (NASDAQ:COST)

CCG Wealth Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 901 shares of the retailer’s stock after purchasing an additional 120 shares during the quarter. CCG Wealth Management LLC’s holdings in Costco Wholesale were worth $660,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Costco Wholesale by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after acquiring an additional 485,051 shares in the last quarter. Norges Bank bought a new position in Costco Wholesale in the fourth quarter worth $3,628,694,000. Capital World Investors lifted its position in Costco Wholesale by 3.9% in the fourth quarter. Capital World Investors now owns 3,539,245 shares of the retailer’s stock worth $2,336,198,000 after purchasing an additional 132,292 shares during the period. International Assets Investment Management LLC boosted its stake in Costco Wholesale by 61,693.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock worth $2,049,630,000 after buying an additional 3,100,099 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Costco Wholesale by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock valued at $1,844,581,000 after buying an additional 85,398 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $845.67 on Tuesday. The company has a market cap of $374.91 billion, a PE ratio of 52.40, a PEG ratio of 5.63 and a beta of 0.78. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 1 year low of $524.63 and a 1 year high of $873.96. The company’s 50-day moving average is $801.95 and its two-hundred day moving average is $740.64.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business had revenue of $58.52 billion for the quarter, compared to analyst estimates of $58.16 billion. During the same period in the prior year, the business posted $3.43 earnings per share. Costco Wholesale’s revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Costco Wholesale Co. will post 15.96 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a $1.16 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

COST has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Wells Fargo & Company lifted their price objective on Costco Wholesale from $750.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, May 31st. DA Davidson reiterated a “neutral” rating and issued a $680.00 price objective on shares of Costco Wholesale in a research note on Thursday, April 11th. Barclays raised their target price on Costco Wholesale from $700.00 to $765.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Finally, Telsey Advisory Group increased their price objective on Costco Wholesale from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $756.85.

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.