Chevy Chase Trust Holdings LLC Purchases 1,709 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Chevy Chase Trust Holdings LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 0.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 426,717 shares of the retailer's stock after acquiring an additional 1,709 shares during the quarter. Costco Wholesale comprises approximately 1.3% of Chevy Chase Trust Holdings LLC's holdings, making the stock its 12th largest position. Chevy Chase Trust Holdings LLC owned approximately 0.10% of Costco Wholesale worth $403,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of COST. SRN Advisors LLC raised its position in Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock valued at $2,823,000 after purchasing an additional 10 shares during the last quarter. Miramar Capital LLC grew its holdings in shares of Costco Wholesale by 1.9% during the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock worth $481,000 after purchasing an additional 10 shares during the last quarter. Clear Investment Research LLC increased its stake in shares of Costco Wholesale by 22.2% in the fourth 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. Peninsula Wealth LLC raised its holdings in 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 buying an additional 10 shares during the last quarter. Finally, Bosun Asset Management LLC raised its holdings in Costco Wholesale by 1.6% in the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer's stock valued at $583,000 after buying an additional 10 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on COST shares. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research report on Thursday, May 29th. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Tuesday, June 3rd. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Mizuho began 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. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,034.79.

Insider Activity

In other news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the sale, the executive vice president now directly owns 8,210 shares of the company's stock, valued at $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the transaction, the director now owns 11,531 shares in the company, valued at $11,300,380. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,547 shares of company stock worth $9,496,950 over the last three months. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Down 0.4%

Costco Wholesale stock traded down $3.63 during midday trading on Thursday, reaching $982.91. The stock had a trading volume of 2,260,136 shares, compared to its average volume of 2,067,657. The company has a fifty day moving average price of $1,004.32 and a two-hundred day moving average price of $981.29. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.24. 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 company has a market capitalization of $435.90 billion, a P/E ratio of 55.75, a PEG ratio of 5.92 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $62.93 billion. During the same quarter in the previous year, the company posted $3.78 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.53%. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

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.