Compton Wealth Advisory Group LLC Sells 311 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Compton Wealth Advisory Group LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 7.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,880 shares of the retailer's stock after selling 311 shares during the quarter. Costco Wholesale makes up 1.0% of Compton Wealth Advisory Group LLC's investment portfolio, making the stock its 25th largest position. Compton Wealth Advisory Group LLC's holdings in Costco Wholesale were worth $3,669,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Miramar Capital LLC boosted its holdings in shares of Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC boosted its holdings in Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after purchasing an additional 10 shares during the last quarter. Peninsula Wealth LLC boosted its holdings in Costco Wholesale by 1.2% in the fourth quarter. Peninsula Wealth LLC now owns 818 shares of the retailer's stock worth $749,000 after purchasing an additional 10 shares during the last quarter. Bosun Asset Management LLC boosted its stake 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 buying an additional 10 shares during the last quarter. Finally, Lifeworks Advisors LLC boosted its stake in shares of Costco Wholesale by 1.2% in the 4th quarter. Lifeworks Advisors LLC now owns 895 shares of the retailer's stock worth $820,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on COST shares. Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. 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. Morgan Stanley boosted their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Mizuho began coverage on shares of Costco Wholesale in a research report on Friday, April 11th. They set a "neutral" rating and a $975.00 target price for the company. Finally, Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average price target of $1,034.79.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the transaction, the executive vice president owned 58,543 shares in the company, valued at $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Decker sold 547 shares of the 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 transaction, the director owned 11,531 shares of the company's stock, valued at $11,300,380. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,547 shares of company stock valued at $9,496,950 over the last quarter. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

Shares of COST traded up $5.16 during midday trading on Monday, hitting $992.18. 1,831,328 shares of the company traded hands, compared to its average volume of 2,073,144. The firm has a 50 day moving average of $1,005.20 and a 200-day moving average of $981.38. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.24. The stock has a market cap of $440.01 billion, a price-to-earnings ratio of 56.28, a PEG ratio of 6.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02.

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

Costco Wholesale Increases Dividend

The company also recently announced 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 an increase 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 0.52%. The ex-dividend date was Friday, May 2nd. Costco Wholesale's dividend payout ratio is currently 29.50%.

Costco Wholesale 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.