Avondale Wealth Management Purchases 255 Shares of Costco Wholesale Co. (NASDAQ:COST)

Avondale Wealth Management increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 326.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 333 shares of the retailer’s stock after acquiring an additional 255 shares during the period. Avondale Wealth Management’s holdings in Costco Wholesale were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter worth $29,000. Fairway Wealth LLC grew its position in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after buying an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale in the 3rd quarter worth about $58,000. Christopher J. Hasenberg Inc raised its holdings in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $71,000. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COST. DA Davidson upped their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group upped their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Loop Capital increased their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Activity at Costco Wholesale

In other news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This represents a 16.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Trading Up 0.2 %

Shares of Costco Wholesale stock traded up $1.85 during midday trading on Friday, reaching $929.22. 835,963 shares of the company’s stock traded hands, compared to its average volume of 1,622,404. The company has a market cap of $412.48 billion, a PE ratio of 54.56, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The stock has a 50 day moving average of $946.73 and a 200-day moving average of $897.99. Costco Wholesale Co. has a 12 month low of $667.64 and a 12 month high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is 27.25%.

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.