Traphagen Investment Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 24.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,925 shares of the retailer's stock after buying an additional 381 shares during the quarter. Traphagen Investment Advisors LLC's holdings in Costco Wholesale were worth $1,820,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of COST. Capital & Planning LLC lifted its position in shares of Costco Wholesale by 28.7% in the fourth quarter. Capital & Planning LLC now owns 3,756 shares of the retailer's stock worth $3,441,000 after purchasing an additional 837 shares in the last quarter. Redmond Asset Management LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $1,214,000. May Barnhard Investments LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $485,000. Ironwood Wealth Management LLC. lifted its position in shares of Costco Wholesale by 0.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer's stock worth $3,529,000 after purchasing an additional 22 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock worth $18,165,000 after purchasing an additional 2,172 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Costco Wholesale
In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the sale, the executive vice president now owns 11,165 shares in the company, valued at $10,495,211.65. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares in the company, valued at $6,445,926.72. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,000 shares of company stock worth $10,825,205. Insiders own 0.18% of the company's stock.
Costco Wholesale Trading Down 1.2%
Shares of Costco Wholesale stock opened at $990.21 on Monday. The company's fifty day simple moving average is $1,000.43 and its 200-day simple moving average is $981.10. The company has a market cap of $439.14 billion, a price-to-earnings ratio of 58.15, a PEG ratio of 6.15 and a beta of 1.00. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1 year low of $793.00 and a 1 year high of $1,078.24.
Costco Wholesale (NASDAQ:COST - Get Free Report) last announced 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. The business had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Costco Wholesale's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $3.78 earnings per share. As a group, sell-side analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.
Costco Wholesale Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a $1.30 dividend. 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 dividend yield of 0.53%. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Mizuho assumed coverage on shares of Costco Wholesale in a research report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target for the company. Truist Financial increased their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Cowen restated a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Barclays increased their price objective on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,035.32.
View Our Latest Research Report on COST
About Costco Wholesale
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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.
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