Costco Wholesale Corporation (NASDAQ:COST) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,716 shares of the retailer's stock after selling 998 shares during the quarter. Atria Investments Inc's holdings in Costco Wholesale were worth $20,539,000 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. Princeton Capital Management LLC lifted its position in shares of Costco Wholesale by 1.2% during the first quarter. Princeton Capital Management LLC now owns 3,625 shares of the retailer's stock valued at $3,428,000 after purchasing an additional 42 shares in the last quarter. Corps Capital Advisors LLC grew its stake in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer's stock valued at $1,463,000 after acquiring an additional 10 shares in the last quarter. Lifeworks Advisors LLC grew its stake in Costco Wholesale by 2.2% during the first quarter. Lifeworks Advisors LLC now owns 915 shares of the retailer's stock valued at $865,000 after acquiring an additional 20 shares in the last quarter. Journey Strategic Wealth LLC grew its stake in Costco Wholesale by 103.9% during the first quarter. Journey Strategic Wealth LLC now owns 6,855 shares of the retailer's stock valued at $6,484,000 after acquiring an additional 3,493 shares in the last quarter. Finally, Advisor OS LLC lifted its position in Costco Wholesale by 8.0% during the first quarter. Advisor OS LLC now owns 3,030 shares of the retailer's stock valued at $2,866,000 after purchasing an additional 224 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of 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. Insiders have sold a total of 9,547 shares of company stock valued at $9,472,510 over the last three months. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on COST shares. Evercore ISI lowered their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a 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 company a "hold" rating in a research note on Friday, May 30th. Loop Capital decreased their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,037.48.

Costco Wholesale Stock Performance

Shares of COST stock traded up $1.68 during trading on Friday, reaching $935.48. 1,825,525 shares of the company's stock traded hands, compared to its average volume of 1,969,335. The firm's 50-day moving average is $992.04 and its 200 day moving average is $983.84. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $414.86 billion, a P/E ratio of 53.06, a PEG ratio of 5.82 and a beta of 0.97. Costco Wholesale Corporation has a 1 year low of $793.00 and a 1 year high of $1,078.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. During the same quarter last year, the firm earned $3.78 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $1.30 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.56%. Costco Wholesale's payout ratio is presently 29.50%.

Costco Wholesale 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.