Bordeaux Wealth Advisors LLC Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Bordeaux Wealth Advisors LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 61.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,162 shares of the retailer’s stock after purchasing an additional 826 shares during the quarter. Costco Wholesale comprises about 0.5% of Bordeaux Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. Bordeaux Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,427,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Howard Financial Services LTD. raised its position in shares of Costco Wholesale by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock valued at $574,000 after buying an additional 15 shares during the last quarter. First National Corp MA ADV increased its position in Costco Wholesale by 0.5% during the fourth quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock worth $2,045,000 after purchasing an additional 15 shares during the last quarter. Morton Capital Management LLC CA increased its position in Costco Wholesale by 1.0% during the fourth quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock worth $1,032,000 after purchasing an additional 15 shares during the last quarter. Insight Advisors LLC PA increased its position in Costco Wholesale by 0.6% during the fourth quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock worth $1,807,000 after purchasing an additional 15 shares during the last quarter. Finally, Optas LLC increased its position in Costco Wholesale by 0.6% during the fourth quarter. Optas LLC now owns 2,383 shares of the retailer’s stock worth $1,573,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 1,500 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, April 17th. The shares were 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 in the company, valued at $7,228,600. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $1,072,245.00. Following the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. Insiders have sold 3,727 shares of company stock worth $2,682,948 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COST has been the subject of several research analyst reports. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. The Goldman Sachs Group increased their price objective on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. 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, DA Davidson reaffirmed a “neutral” rating and issued a $680.00 target price on shares of Costco Wholesale in a research report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $694.48.

Costco Wholesale Stock Performance

Shares of COST traded up $11.46 during mid-day trading on Friday, reaching $743.90. 2,322,355 shares of the company’s stock traded hands, compared to its average volume of 2,041,084. Costco Wholesale Co. has a 12 month low of $476.75 and a 12 month high of $787.08. The stock has a market capitalization of $329.92 billion, a P/E ratio of 48.65, a price-to-earnings-growth ratio of 4.81 and a beta of 0.77. The business’s 50-day moving average price is $730.34 and its 200-day moving average price is $670.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts predict 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. Stockholders of record on Friday, April 26th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a dividend yield of 0.62%. Costco Wholesale’s dividend payout ratio (DPR) is 30.35%.

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.