Caliber Wealth Management LLC KS Takes Position in Costco Wholesale Corporation (NASDAQ:COST)

Key Points

• Caliber Wealth Management LLC acquired a new stake in Costco Wholesale, purchasing 382 shares valued at approximately $362,000 during the 1st quarter of the year.
• Costco's quarterly earnings exceeded expectations, reporting $4.28 earnings per share compared to a consensus estimate of $4.24, accompanied by revenue of $63.21 billion for the quarter.
• The company has announced a quarterly dividend of $1.30 per share, with a dividend yield of 0.56%, set to be paid on August 15th.

Caliber Wealth Management LLC KS acquired a new position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 382 shares of the retailer's stock, valued at approximately $362,000.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position 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 worth $7,717,744,000 after purchasing an additional 8,152,528 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $95,452,000. Northern Trust Corp boosted its position in shares of Costco Wholesale by 12.6% in the 4th quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock worth $4,817,573,000 after purchasing an additional 587,303 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Costco Wholesale by 79.5% in the 4th 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 bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $280,046,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COST. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, July 10th. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Mizuho began coverage on Costco Wholesale in a research report on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price for the company. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research report on Thursday, May 29th. Finally, Evercore ISI decreased their target price on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research report on Tuesday, June 17th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,037.48.

Costco Wholesale Stock Up 0.2%

COST stock traded up $1.68 during trading on Friday, hitting $935.48. 1,825,525 shares of the company's stock traded hands, compared to its average volume of 1,969,335. The business has a fifty day simple moving average of $992.04 and a two-hundred day simple moving average of $983.84. 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 1 year low of $793.00 and a 1 year high of $1,078.23. The firm has a market capitalization of $414.87 billion, a P/E ratio of 53.06, a PEG ratio of 5.82 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $62.93 billion. During the same period in the previous year, the company earned $3.78 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's dividend payout ratio is currently 29.50%.

Insider Activity

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of Costco Wholesale stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the transaction, the executive vice president directly owned 58,543 shares of the company's stock, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the executive vice president directly owned 8,210 shares in the company, 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 sold a total of 9,547 shares of company stock valued at $9,472,510 over the last three months. Company 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.