Von Berge Wealth Management Group LLC Has $634,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Von Berge Wealth Management Group LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 48.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 865 shares of the retailer’s stock after acquiring an additional 284 shares during the period. Von Berge Wealth Management Group LLC’s holdings in Costco Wholesale were worth $634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Enterprise Financial Services Corp boosted its stake in shares of Costco Wholesale by 1.6% in the 4th quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock valued at $589,000 after purchasing an additional 14 shares in the last quarter. Howard Financial Services LTD. boosted its holdings in shares of Costco Wholesale by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock worth $574,000 after purchasing an additional 15 shares during the period. First National Corp MA ADV grew its stake in shares of Costco Wholesale by 0.5% in 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 holdings in Costco Wholesale by 1.0% during the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after purchasing an additional 15 shares during the period. Finally, Insight Advisors LLC PA raised its position in Costco Wholesale by 0.6% during the 4th quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock valued at $1,807,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of a number of recent research reports. Tigress Financial lifted their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus boosted their price target on Costco Wholesale from $800.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Evercore ISI raised their price objective on Costco Wholesale from $860.00 to $890.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Truist Financial lifted their price objective on Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Telsey Advisory Group increased their target price on Costco Wholesale from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $756.85.

Insider Activity

In other news, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST traded up $1.74 on Wednesday, hitting $857.25. The stock had a trading volume of 231,189 shares, compared to its average volume of 1,966,170. The business’s 50-day simple moving average is $793.52 and its two-hundred day simple moving average is $735.97. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The stock has a market cap of $380.04 billion, a price-to-earnings ratio of 53.11, a price-to-earnings-growth ratio of 5.66 and a beta of 0.79. Costco Wholesale Co. has a 52-week low of $522.10 and a 52-week high of $873.96.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. During the same period in the previous year, the firm earned $3.43 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that Costco Wholesale Co. will post 15.98 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $1.16 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date was Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.54%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

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.