Brookwood Investment Group LLC purchased a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,143 shares of the retailer's stock, valued at approximately $2,973,000. Costco Wholesale accounts for approximately 0.5% of Brookwood Investment Group LLC's investment portfolio, making the stock its 28th largest holding.
A number of other large investors also recently modified their holdings of the business. 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 valued at $749,000 after purchasing an additional 10 shares during the period. Bosun Asset Management LLC boosted its position 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 in the last quarter. Corps Capital Advisors LLC boosted its position in shares of Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer's stock worth $1,463,000 after purchasing an additional 10 shares in the last quarter. NFP Retirement Inc. boosted its position 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 purchasing an additional 11 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position 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 purchasing an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.
Costco Wholesale Price Performance
Shares of NASDAQ COST traded up $1.68 during midday trading on Friday, hitting $935.48. The company had a trading volume of 1,825,525 shares, compared to its average volume of 1,969,335. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.23. The business has a 50-day simple moving average of $992.04 and a two-hundred day simple moving average of $983.84. The firm has a market capitalization of $414.86 billion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 5.82 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. The company had revenue of $63.21 billion during the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.78 earnings per share. Equities research 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. Investors of record on Friday, August 1st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.
Insider Activity at Costco Wholesale
In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the business's 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 directly owned 5,774 shares in the company, valued at $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick J. Callans sold 3,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the transaction, 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. Over the last three months, insiders sold 9,547 shares of company stock worth $9,472,510. 0.18% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, July 10th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Mizuho started coverage on Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target for the company. Finally, Truist Financial increased their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. 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, Costco Wholesale currently has an average rating of "Moderate Buy" and a consensus target price of $1,037.48.
Read Our Latest Research Report on COST
About Costco Wholesale
(
Free Report)
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.
Featured Stories
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
