Redwood Park Advisors LLC Invests $149,000 in Costco Wholesale Co. (NASDAQ:COST)

Redwood Park Advisors LLC purchased a new position in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 162 shares of the retailer’s stock, valued at approximately $149,000.

Other institutional investors have also made changes to their positions in the company. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $31,000. NewSquare Capital LLC lifted its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $33,000. Collier Financial bought a new stake in Costco Wholesale in the 4th quarter worth about $35,000. Finally, Barrett & Company Inc. lifted its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at $10,495,211.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,600 shares of company stock worth $5,215,915. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COST. Loop Capital dropped their price objective on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays increased their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Evercore ISI lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley lifted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,025.79.

Costco Wholesale Stock Up 6.2 %

COST stock opened at $965.19 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $702.00 and a twelve month high of $1,078.24. The business has a 50 day moving average price of $984.89 and a two-hundred day moving average price of $948.65. The company has a market cap of $428.24 billion, a price-to-earnings ratio of 56.68, a P/E/G ratio of 6.15 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is 27.09%.

Costco Wholesale 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.