Revisor Wealth Management LLC Purchases Shares of 362 Costco Wholesale Corporation (NASDAQ:COST)

Revisor Wealth Management 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 362 shares of the retailer's stock, valued at approximately $343,000.

A number of other institutional investors and hedge funds have also made changes to their positions in COST. Geode Capital Management LLC boosted its position in Costco Wholesale by 2.7% during the 4th 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 during the period. F&V Capital Management LLC purchased a new stake in Costco Wholesale during the 1st quarter worth $236,000. Umpqua Bank boosted its position in Costco Wholesale by 14.7% during the 4th quarter. Umpqua Bank now owns 4,507 shares of the retailer's stock worth $4,134,000 after purchasing an additional 577 shares during the period. Curat Global LLC purchased a new stake in Costco Wholesale during the 1st quarter worth $241,000. Finally, Sequoia Financial Advisors LLC boosted its position in Costco Wholesale by 32.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 68,976 shares of the retailer's stock worth $63,200,000 after purchasing an additional 16,967 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In related news, Director Susan L. Decker sold 547 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director owned 11,531 shares in the company, valued at $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the sale, the executive vice president owned 8,210 shares in the company, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock worth $9,496,950 in the last ninety days. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

COST has been the subject of a number of research reports. Robert W. Baird upped their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research report on Thursday, May 29th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday. Finally, Loop Capital decreased their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,034.79.

Costco Wholesale Stock Up 0.4%

Shares of COST stock traded up $3.91 during trading hours on Friday, hitting $986.27. 1,101,351 shares of the company were exchanged, compared to its average volume of 2,074,110. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a one year low of $793.00 and a one year high of $1,078.24. The business's 50-day simple moving average is $1,005.20 and its two-hundred day simple moving average is $981.20. The stock has a market capitalization of $437.39 billion, a price-to-earnings ratio of 55.94, a P/E/G ratio of 6.14 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. The firm had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. Costco Wholesale's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.78 earnings per share. Sell-side analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were paid a dividend of $1.30 per share. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. This represents a $5.20 annualized dividend and a yield of 0.53%. Costco Wholesale's dividend payout ratio is 29.50%.

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.