180 Wealth Advisors LLC Sells 349 Shares of Costco Wholesale Co. (NASDAQ:COST)

180 Wealth Advisors LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,778 shares of the retailer's stock after selling 349 shares during the quarter. Costco Wholesale makes up approximately 1.2% of 180 Wealth Advisors LLC's holdings, making the stock its 14th largest holding. 180 Wealth Advisors LLC's holdings in Costco Wholesale were worth $7,356,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale in the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth about $31,000. NewSquare Capital LLC raised its holdings in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares in the last quarter. Collier Financial purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $35,000. Finally, Barrett & Company Inc. lifted its position in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after purchasing an additional 16 shares during the period. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on COST. DA Davidson boosted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research note on Thursday. Sanford C. Bernstein restated an "outperform" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Loop Capital decreased their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,035.32.

Costco Wholesale Stock Up 1.6%

NASDAQ COST traded up $16.67 during mid-day trading on Monday, reaching $1,056.85. The stock had a trading volume of 2,146,355 shares, compared to its average volume of 2,052,279. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $793.00 and a 1 year high of $1,078.24. The stock has a market cap of $468.91 billion, a PE ratio of 62.06, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The company has a fifty day moving average price of $983.85 and a 200 day moving average price of $975.99.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.04. The business had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.78 EPS. On average, research analysts expect that Costco Wholesale Co. will post 18.03 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 16th. Investors of record on Friday, May 2nd were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 annualized dividend and a yield of 0.49%. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio (DPR) is currently 30.36%.

Insider Buying and Selling

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares of the company's stock, valued at $38,242,687. This represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at $6,445,926.72. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,600 shares of company stock worth $9,140,195. 0.18% of the stock is owned by insiders.

Costco Wholesale Company 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.