Title: Costco Wholesale Co. (NASDAQ:COST) Sees New Investment from LM Advisors LLC
Introduction:
LM Advisors LLC recently acquired 8,732 shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, as disclosed in their latest filing with the Securities and Exchange Commission (SEC).
LM Advisors LLC Investment:
LM Advisors LLC purchased 8,732 shares of Costco Wholesale Co. stock, valued at $5,764,000. This new stake represents approximately 1.1% of LM Advisors LLC’s holdings, making it the 16th largest position in their portfolio.
Other Institutional Investments:
Other institutional investors and hedge funds have also adjusted their holdings in Costco Wholesale Co. B. Riley Wealth Advisors Inc., Main Street Financial Solutions LLC, Cerity Partners LLC, Metis Global Partners LLC, and Rice Partnership LLC have all increased their stakes in the company.
Costco Wholesale Performance:
Costco Wholesale Co. saw its shares trade up to $849.31 on Tuesday. The company has a market capitalization of $376.52 billion and a PE ratio of 52.62. Costco Wholesale has a 50 day moving average price of $765.56 and a 200 day moving average price of $717.85.
Earnings and Dividends:
Costco Wholesale recently reported $3.78 EPS for the quarter, surpassing analysts’ estimates. The company also announced a quarterly dividend, which was paid out on May 10th.
Insider Activity:
EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in April. Company insiders now own 0.18% of the company’s stock.
Analyst Ratings:
Several research firms have provided ratings and price targets for Costco Wholesale Co. Stifel Nicolaus, Wells Fargo & Company, Gordon Haskett, Roth Mkm, and StockNews.com have all issued reports on the company.
About Costco Wholesale:
Costco Wholesale Corporation operates membership warehouses across various countries. The company offers branded and private-label products in a wide range of merchandise categories.
Additional Content (if word count < 600): - The implications of Costco Wholesale's performance on the retail industry - Analysis of the competitive landscape for warehouse clubs - Consumer trends impacting Costco Wholesale's business modelBiography (if applicable): A brief biography of the founder, history, and key milestones of Costco Wholesale Corporation.