FORM Wealth Advisors LLC acquired a new position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 300 shares of the retailer's stock, valued at approximately $284,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of Costco Wholesale by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock worth $8,901,249,000 after purchasing an additional 252,118 shares in the last quarter. F&V Capital Management LLC bought a new position in shares of Costco Wholesale in the first quarter worth $236,000. AMJ Financial Wealth Management lifted its holdings in shares of Costco Wholesale by 2.6% in the fourth quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer's stock valued at $9,654,000 after buying an additional 270 shares during the period. Umpqua Bank lifted its holdings in shares of Costco Wholesale by 14.7% in the fourth quarter. Umpqua Bank now owns 4,507 shares of the retailer's stock valued at $4,134,000 after buying an additional 577 shares during the period. Finally, Curat Global LLC acquired a new stake in shares of Costco Wholesale in the first quarter valued at $241,000. 68.48% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Costco Wholesale
In other news, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares of the company's stock, valued at approximately $10,495,211.65. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the sale, the director now directly owns 11,531 shares of the company's stock, valued at approximately $11,300,380. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,647 shares of company stock worth $10,530,961. 0.18% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on COST shares. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Tuesday, June 3rd. Barclays upped their price objective on Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Morgan Stanley upped their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Truist Financial upped their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Finally, Cowen reiterated a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and an average target price of $1,034.79.
Read Our Latest Stock Report on COST
Costco Wholesale Price Performance
Shares of NASDAQ:COST opened at $1,004.48 on Tuesday. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.24. The firm has a market capitalization of $445.47 billion, a PE ratio of 56.98, a PEG ratio of 5.79 and a beta of 1.00. The business's 50 day moving average is $1,003.44 and its 200-day moving average is $981.11. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping the consensus estimate of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. Costco Wholesale's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $3.78 EPS. Sell-side analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.
Costco Wholesale Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a $1.30 dividend. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 annualized dividend and a yield of 0.52%. Costco Wholesale's payout ratio is presently 29.50%.
Costco Wholesale Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
