Bartlett & CO. Wealth Management LLC Reduces Stake in Costco Wholesale Corporation (NASDAQ:COST)

Bartlett & CO. Wealth Management LLC reduced its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,798 shares of the retailer's stock after selling 6,203 shares during the quarter. Costco Wholesale accounts for 2.0% of Bartlett & CO. Wealth Management LLC's portfolio, making the stock its 11th largest position. Bartlett & CO. Wealth Management LLC's holdings in Costco Wholesale were worth $138,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Miramar Capital LLC boosted its holdings in shares of Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC lifted its stake in shares of Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after purchasing an additional 10 shares during the period. Peninsula Wealth LLC lifted its stake in shares of Costco Wholesale by 1.2% in the 4th quarter. Peninsula Wealth LLC now owns 818 shares of the retailer's stock worth $749,000 after purchasing an additional 10 shares during the period. Bosun Asset Management LLC lifted its stake in shares of Costco Wholesale by 1.6% in the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer's stock worth $583,000 after purchasing an additional 10 shares during the period. Finally, Van Cleef Asset Management Inc raised its stake in Costco Wholesale by 0.8% during the 4th quarter. Van Cleef Asset Management Inc now owns 1,338 shares of the retailer's stock worth $1,226,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other news, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the transaction, the executive vice president now directly owns 43,994 shares of the company's stock, valued at $43,161,193.58. This represents a 8.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan L. Decker sold 547 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the transaction, the director now directly owns 11,531 shares of the company's stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,547 shares of company stock valued at $9,496,950. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Up 0.2%

Shares of COST stock traded up $2.23 during trading hours on Friday, reaching $985.14. 2,128,085 shares of the company's stock were exchanged, compared to its average volume of 2,073,172. Costco Wholesale Corporation has a 1 year low of $793.00 and a 1 year high of $1,078.24. The stock has a market cap of $436.89 billion, a PE ratio of 55.88, a PEG ratio of 5.82 and a beta of 1.00. 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 stock's fifty day moving average price is $1,003.90 and its two-hundred day moving average price is $981.10.

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, beating analysts' consensus estimates 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 return on equity of 30.48% and a net margin of 2.92%. Costco Wholesale's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.78 earnings per share. Research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a yield of 0.53%. Costco Wholesale's payout ratio is presently 29.50%.

Wall Street Analyst Weigh In

COST has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of Costco Wholesale in a report on Friday, April 11th. They set a "neutral" rating and a $975.00 price objective for the company. Truist Financial raised their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Evercore ISI reduced their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 17th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Finally, Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research note on Thursday, May 29th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,034.79.

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.