CW Advisors LLC Has $59.28 Million Holdings in Costco Wholesale Corporation $COST

Key Points

• CW Advisors LLC has increased its holdings in Costco Wholesale Corporation by 11.0%, now owning 62,746 shares valued at approximately $59.3 million.
• Wall Street analysts have generally positive outlooks for Costco, with an average target price of $1,050.00 and a consensus rating of "Moderate Buy".
• Costco reported an EPS of $4.28 in its latest quarterly earnings, exceeding estimates, along with revenue growth of 8.0% year-over-year.

CW Advisors LLC boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 11.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,746 shares of the retailer's stock after purchasing an additional 6,243 shares during the quarter. Costco Wholesale comprises approximately 0.7% of CW Advisors LLC's portfolio, making the stock its 24th biggest position. CW Advisors LLC's holdings in Costco Wholesale were worth $59,277,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in COST. Bosun Asset Management LLC raised its stake in shares of 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 purchasing an additional 10 shares in the last quarter. Corps Capital Advisors LLC increased its stake in Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer's stock valued at $1,463,000 after buying an additional 10 shares during the period. Covestor Ltd increased its stake in Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer's stock valued at $119,000 after buying an additional 10 shares during the period. Coppell Advisory Solutions LLC raised its position in shares of Costco Wholesale by 0.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 3,437 shares of the retailer's stock worth $3,163,000 after buying an additional 11 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. raised its position in shares of Costco Wholesale by 2.6% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer's stock worth $404,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research note on Thursday, May 29th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, August 4th. Truist Financial upped their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Finally, Erste Group Bank cut Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average price target of $1,050.00.

Insider Transactions at Costco Wholesale

In other news, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 8,210 shares in the company, valued at $8,326,171.50. This represents a 19.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Decker sold 547 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director owned 11,531 shares of the company's stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,147 shares of company stock worth $10,067,740. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Down 1.1%

Shares of COST stock traded down $11.14 during trading hours on Friday, reaching $958.54. 3,132,045 shares of the stock traded hands, compared to its average volume of 2,129,634. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $425.09 billion, a PE ratio of 54.37, a PEG ratio of 6.03 and a beta of 0.96. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23. The business has a fifty day moving average price of $969.85 and a 200 day moving average price of $985.46.

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 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 firm had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. During the same period in the previous year, the company posted $3.78 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale's payout ratio is presently 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.