Atria Wealth Solutions Inc. Has $42.41 Million Stake in Costco Wholesale Corporation (NASDAQ:COST)

Atria Wealth Solutions Inc. lowered its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 11.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 44,841 shares of the retailer's stock after selling 5,921 shares during the period. Atria Wealth Solutions Inc.'s holdings in Costco Wholesale were worth $42,410,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in COST. GAMMA Investing LLC raised its stake in shares of Costco Wholesale by 106,402.1% in the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock valued at $7,717,744,000 after buying an additional 8,152,528 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $95,452,000. Northern Trust Corp increased its stake in Costco Wholesale by 12.6% in the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock valued at $4,817,573,000 after acquiring an additional 587,303 shares during the period. Capital Research Global Investors raised its position in Costco Wholesale by 79.5% in the fourth quarter. Capital Research Global Investors now owns 775,541 shares of the retailer's stock worth $710,624,000 after purchasing an additional 343,390 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Costco Wholesale in the fourth quarter worth about $280,046,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Buying and Selling

In other news, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the transaction, the executive vice president directly owned 58,543 shares in the company, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred on 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 represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock valued at $9,472,510 over the last 90 days. Company insiders own 0.18% of the company's stock.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $955.37 on Tuesday. The company has a market cap of $423.68 billion, a PE ratio of 54.19, a PEG ratio of 5.92 and a beta of 0.96. 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 Corporation has a 1 year low of $793.00 and a 1 year high of $1,078.23. The company's 50-day moving average is $982.28 and its two-hundred day moving average is $984.78.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The business 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 firm posted $3.78 earnings per share. Costco Wholesale's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) is currently 29.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday. Morgan Stanley boosted their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research note on Thursday, May 29th. Evercore ISI cut their price objective on 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. Finally, Loop Capital reduced 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. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,037.48.

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.

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