CapWealth Advisors LLC Has $10.93 Million Stock Position in Costco Wholesale Corporation (NASDAQ:COST)

CapWealth Advisors LLC trimmed its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 44.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,558 shares of the retailer's stock after selling 9,276 shares during the quarter. CapWealth Advisors LLC's holdings in Costco Wholesale were worth $10,932,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COST. Clear Investment Research LLC increased its stake in Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after acquiring an additional 10 shares during the period. Peninsula Wealth LLC increased its stake in Costco Wholesale by 1.2% during the fourth quarter. Peninsula Wealth LLC now owns 818 shares of the retailer's stock valued at $749,000 after acquiring an additional 10 shares during the period. Bosun Asset Management LLC increased its stake in Costco Wholesale by 1.6% during the fourth quarter. Bosun Asset Management LLC now owns 636 shares of the retailer's stock valued at $583,000 after acquiring an additional 10 shares during the period. NFP Retirement Inc. increased its stake in Costco Wholesale by 1.1% during the fourth quarter. NFP Retirement Inc. now owns 980 shares of the retailer's stock valued at $898,000 after acquiring an additional 11 shares during the period. Finally, Coppell Advisory Solutions LLC increased its stake in Costco Wholesale by 0.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 3,437 shares of the retailer's stock valued at $3,163,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was 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 approximately $8,326,171.50. This represents a 19.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Decker sold 547 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the transaction, the director directly owned 11,531 shares in the company, valued at approximately $11,300,380. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,547 shares of company stock worth $9,496,950 in the last quarter. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Price Performance

NASDAQ COST traded up $0.16 during trading hours on Friday, reaching $970.33. 1,939,399 shares of the company's stock were exchanged, compared to its average volume of 2,068,105. The stock has a market cap of $430.32 billion, a PE ratio of 55.04, a price-to-earnings-growth ratio of 6.03 and a beta of 0.97. Costco Wholesale Corporation has a one year low of $793.00 and a one year high of $1,078.24. The firm has a fifty day moving average of $1,003.77 and a 200-day moving average of $981.90. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data 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 return on equity of 30.48% and a net margin of 2.92%. The firm had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. During the same quarter in the prior year, the business earned $3.78 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on COST. Loop Capital lowered their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday. Truist Financial boosted their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Evercore ISI lowered their price objective on 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. Finally, Mizuho initiated coverage on Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,034.79.

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.