Bogart Wealth LLC Buys 385 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Bogart Wealth LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,374 shares of the retailer's stock after purchasing an additional 385 shares during the period. Bogart Wealth LLC's holdings in Costco Wholesale were worth $10,757,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Investment Management Corp VA ADV acquired a new stake in Costco Wholesale during the 4th quarter worth about $25,000. Clear Investment Research LLC grew 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 valued at $51,000 after buying an additional 10 shares during the period. Aspect Partners LLC grew its stake in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after buying an additional 11 shares during the period. Capital A Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at about $58,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at about $59,000. 68.48% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Susan L. Decker sold 547 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the transaction, the director directly owned 11,531 shares in the company, valued at $11,300,380. The trade was a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the transaction, the executive vice president owned 8,210 shares of the company's stock, valued at $8,326,171.50. This trade represents a 19.59% 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 $9,496,950 over the last 90 days. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

COST has been the subject of several research reports. Loop Capital reduced their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Mizuho began coverage on Costco Wholesale in a research note on Friday, April 11th. They set a "neutral" rating and a $975.00 price target for the company. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,037.48.

Costco Wholesale Stock Up 0.0%

Costco Wholesale stock opened at $970.33 on Monday. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.24. The firm has a market capitalization of $430.32 billion, a price-to-earnings ratio of 55.04, a P/E/G ratio of 6.03 and a beta of 0.97. 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 firm has a 50 day simple moving average of $1,003.77 and a 200 day simple moving average of $982.24.

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

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a dividend of $1.30 per share. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, May 2nd. Costco Wholesale's payout ratio is 29.50%.

About Costco Wholesale

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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