KFG Wealth Management LLC Has $576,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

KFG Wealth Management LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 872 shares of the retailer’s stock after selling 42 shares during the period. KFG Wealth Management LLC’s holdings in Costco Wholesale were worth $576,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of COST. United Bank grew its position in Costco Wholesale by 9.2% in the first quarter. United Bank now owns 5,254 shares of the retailer’s stock valued at $3,026,000 after acquiring an additional 444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Costco Wholesale by 33.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock valued at $220,948,000 after purchasing an additional 96,566 shares in the last quarter. Covestor Ltd boosted its stake in shares of Costco Wholesale by 87.1% during the first quarter. Covestor Ltd now owns 232 shares of the retailer’s stock valued at $134,000 after purchasing an additional 108 shares in the last quarter. Bridgefront Capital LLC acquired a new position in shares of Costco Wholesale in the first quarter worth approximately $333,000. Finally, Next Century Growth Investors LLC lifted its stake in shares of Costco Wholesale by 0.9% in the first quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock worth $1,965,000 after acquiring an additional 30 shares during the period. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $800.00 price target on shares of Costco Wholesale in a research report on Thursday, April 11th. Truist Financial raised their target price on Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Roth Mkm raised their price objective on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Tigress Financial raised their price objective on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a report on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $691.28.

Insider Activity at Costco Wholesale

In related news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the sale, the director now directly owns 216,212 shares in the company, valued at approximately $148,306,297.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the sale, the director now directly owns 216,212 shares in the company, valued at approximately $148,306,297.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The disclosure for this sale can be found here. Insiders sold a total of 11,727 shares of company stock worth $8,170,388 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST stock traded down $1.74 during midday trading on Friday, reaching $709.51. The stock had a trading volume of 2,188,979 shares, compared to its average volume of 2,098,958. The stock has a market cap of $314.67 billion, a PE ratio of 46.30, a P/E/G ratio of 4.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm has a fifty day simple moving average of $730.57 and a two-hundred day simple moving average of $659.59. Costco Wholesale Co. has a 52-week low of $476.75 and a 52-week high of $787.08.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $3.30 EPS. As a group, equities research analysts anticipate that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is currently 26.68%.

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.