Lido Advisors LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Lido Advisors LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 20.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,575 shares of the retailer’s stock after acquiring an additional 1,105 shares during the period. Lido Advisors LLC’s holdings in Costco Wholesale were worth $1,238,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Elmwood Wealth Management Inc. purchased a new stake in Costco Wholesale during the first quarter valued at approximately $1,355,000. Chicago Capital LLC purchased a new position in shares of Costco Wholesale in the first quarter worth $8,255,000. Personal Capital Advisors Corp raised its holdings in shares of Costco Wholesale by 6.3% in the first quarter. Personal Capital Advisors Corp now owns 203,577 shares of the retailer’s stock worth $38,360,000 after buying an additional 11,993 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Costco Wholesale by 2.1% in the first quarter. Gamco Investors INC. ET AL now owns 13,065 shares of the retailer’s stock worth $2,462,000 after buying an additional 265 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. raised its holdings in shares of Costco Wholesale by 4.4% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 31,530 shares of the retailer’s stock worth $5,942,000 after buying an additional 1,330 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

A number of research analysts have issued reports on COST shares. Loop Capital began coverage on shares of Costco Wholesale in a report on Wednesday, May 16th. They issued a “buy” rating and a $224.00 price target for the company. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 9th. Citigroup raised their price target on shares of Costco Wholesale from $217.00 to $222.00 and gave the company a “buy” rating in a research report on Friday, June 1st. Argus raised their price target on shares of Costco Wholesale from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 30th. Finally, Vetr lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 price target on the stock. in a research report on Tuesday, February 20th. Eight analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $197.52.

In other news, VP Timothy L. Rose sold 2,500 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $205.19, for a total transaction of $512,975.00. Following the transaction, the vice president now directly owns 20,403 shares of the company’s stock, valued at approximately $4,186,491.57. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $186.91, for a total transaction of $560,730.00. Following the completion of the sale, the director now directly owns 8,654 shares in the company, valued at $1,617,519.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,893 shares of company stock valued at $8,301,464. 0.58% of the stock is owned by insiders.

COST stock traded up $1.01 on Thursday, hitting $205.12. The company’s stock had a trading volume of 1,684,320 shares, compared to its average volume of 2,339,918. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $205.83. The company has a market cap of $89.68 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 2.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 31st. The retailer reported $1.70 EPS for the quarter, beating the consensus estimate of $1.68 by $0.02. The firm had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $31.89 billion. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. Costco Wholesale’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. analysts anticipate that Costco Wholesale Co. will post 6.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were given a dividend of $0.57 per share. The ex-dividend date was Thursday, May 10th. This represents a $2.28 dividend on an annualized basis and a yield of 1.11%. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.50. Costco Wholesale’s dividend payout ratio is presently 39.18%.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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