BKM Wealth Management LLC Acquires 412 Shares of Costco Wholesale Corporation (NASDAQ:COST)

BKM Wealth Management LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 18.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,605 shares of the retailer's stock after buying an additional 412 shares during the period. Costco Wholesale makes up about 1.0% of BKM Wealth Management LLC's holdings, making the stock its 28th largest holding. BKM Wealth Management LLC's holdings in Costco Wholesale were worth $2,464,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Peninsula Wealth LLC lifted its holdings 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 acquiring an additional 10 shares during the last quarter. Bosun Asset Management LLC lifted its holdings 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 acquiring an additional 10 shares during the last quarter. NFP Retirement Inc. lifted its holdings in shares of Costco Wholesale by 1.1% in the 4th quarter. NFP Retirement Inc. now owns 980 shares of the retailer's stock worth $898,000 after acquiring an additional 11 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 3,437 shares of the retailer's stock worth $3,163,000 after acquiring an additional 11 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. lifted its holdings in shares of Costco Wholesale by 2.6% in the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer's stock worth $404,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Mizuho initiated coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective on the stock. Evercore ISI decreased their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Morgan Stanley upped their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,037.48.

Costco Wholesale Trading Down 0.3%

NASDAQ COST opened at $950.95 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm's fifty day moving average price is $998.91 and its 200 day moving average price is $983.13. The company has a market capitalization of $421.73 billion, a price-to-earnings ratio of 53.94, a price-to-earnings-growth ratio of 5.91 and a beta of 0.97. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted 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 the consensus estimate of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company's revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $3.78 EPS. On average, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

Insider Activity at Costco Wholesale

In related news, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction on 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 in the company, valued at $58,705,164.11. This represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 547 shares of the stock in a transaction on Wednesday, June 18th. The stock was 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 of the company's stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,547 shares of company stock valued at $9,472,510. Corporate insiders own 0.18% of the company's stock.

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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