BOS Asset Management LLC Makes New $280,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

Posted by Defense World Staff on Jun 14th, 2023

BOS Asset Management LLC purchased a new position in Costco Wholesale Co. (NASDAQ:COST – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 614 shares of the retailer’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Canal Capital Management LLC lifted its holdings in shares of Costco Wholesale by 8.5% during the 4th quarter. Canal Capital Management LLC now owns 563 shares of the retailer’s stock worth $257,000 after acquiring an additional 44 shares during the period. TCG Advisory Services LLC lifted its holdings in Costco Wholesale by 2.6% during the 3rd quarter. TCG Advisory Services LLC now owns 817 shares of the retailer’s stock valued at $386,000 after purchasing an additional 21 shares during the last quarter. united american securities inc. d b a uas asset management lifted its holdings in Costco Wholesale by 105.5% during the 3rd quarter. united american securities inc. d b a uas asset management now owns 41,525 shares of the retailer’s stock valued at $19,611,000 after purchasing an additional 21,319 shares during the last quarter. Accurate Wealth Management LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $191,000. Finally, Capital Investment Advisors LLC increased its position in Costco Wholesale by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 13,748 shares of the retailer’s stock valued at $6,276,000 after acquiring an additional 252 shares in the last quarter. 66.03% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST stock opened at $522.02 on Wednesday. The company’s fifty day simple moving average is $500.90 and its 200-day simple moving average is $492.13. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28. The firm has a market cap of $231.31 billion, a PE ratio of 38.67, a P/E/G ratio of 4.32 and a beta of 0.79. Costco Wholesale Co. has a 12 month low of $443.20 and a 12 month high of $564.75.

Costco Wholesale (NASDAQ:COST – Get Rating) last posted its quarterly earnings results on Thursday, May 25th. The retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.11. Costco Wholesale had a net margin of 2.55% and a return on equity of 28.18%. The firm had revenue of $53.65 billion for the quarter, compared to analyst estimates of $54.58 billion. During the same period in the prior year, the firm posted $3.17 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that Costco Wholesale Co. will post 14.4 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were given a dividend of $1.02 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.90. This represents a $4.08 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, May 4th. Costco Wholesale’s dividend payout ratio is 30.22%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Caton Frates sold 600 shares of the company’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $497.35, for a total value of $298,410.00. Following the transaction, the executive vice president now directly owns 4,320 shares in the company, valued at $2,148,552. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on COST shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Costco Wholesale from $575.00 to $574.00 in a research report on Thursday, April 6th. UBS Group lowered their price objective on shares of Costco Wholesale from $575.00 to $560.00 in a research report on Friday, May 26th. Evercore ISI lowered their price target on shares of Costco Wholesale from $545.00 to $535.00 in a research report on Thursday, April 6th. Northcoast Research upgraded shares of Costco Wholesale from a “neutral” rating to a “buy” rating and set a $560.00 price target for the company in a research report on Tuesday, March 7th. Finally, StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $548.72.

Costco Wholesale Company Profile

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Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.