Alpha Family Trust Has $2.62 Million Stake in Costco Wholesale Corporation $COST

Key Points

• Alpha Family Trust increased its stake in Costco by 21.5%, acquiring an additional 490 shares, bringing its total holdings to 2,765 shares valued at $2,615,000.
• Costco's quarterly earnings report showed earnings per share of $4.28, surpassing estimates, with revenues reaching $63.21 billion, an 8% increase year-over-year.
• The company declared a quarterly dividend of $1.30, which equates to an annualized dividend of $5.20 and a yield of 0.5%.

Alpha Family Trust boosted its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 21.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,765 shares of the retailer's stock after acquiring an additional 490 shares during the period. Costco Wholesale accounts for 1.5% of Alpha Family Trust's portfolio, making the stock its 11th largest position. Alpha Family Trust's holdings in Costco Wholesale were worth $2,615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Brighton Jones LLC boosted its holdings in Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock worth $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock valued at $1,029,000 after buying an additional 130 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Costco Wholesale by 45.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock worth $107,436,000 after buying an additional 36,384 shares during the period. Highview Capital Management LLC DE grew its stake in Costco Wholesale by 0.8% in the fourth quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer's stock valued at $4,410,000 after acquiring an additional 40 shares during the period. Finally, Hudson Value Partners LLC increased its holdings in shares of Costco Wholesale by 5.7% in the fourth quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer's stock worth $7,789,000 after acquiring an additional 455 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COST. Evercore ISI decreased their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research report on Tuesday, June 17th. Truist Financial upped their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Erste Group Bank lowered Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, August 4th. 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, May 29th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,050.00.

Costco Wholesale Stock Performance

NASDAQ:COST traded down $24.89 on Thursday, hitting $969.68. The company's stock had a trading volume of 2,140,521 shares, compared to its average volume of 2,207,763. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The firm has a market capitalization of $430.03 billion, a P/E ratio of 55.00, a price-to-earnings-growth ratio of 6.10 and a beta of 0.96. The stock has a fifty day moving average of $971.14 and a two-hundred day moving average of $986.14. 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 issued 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. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.The company had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same period in the previous year, the company posted $3.78 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale's dividend payout ratio is presently 29.50%.

Insider Activity at Costco Wholesale

In other Costco Wholesale 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 value of $536,060.00. Following the transaction, the director directly owned 11,531 shares of the company's stock, valued at $11,300,380. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the sale, the executive vice president owned 58,543 shares of the company's stock, valued at approximately $58,705,164.11. This represents a 4.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,547 shares of company stock worth $9,472,510. 0.18% of the stock is owned by corporate 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.