CreativeOne Wealth LLC Boosts Holdings in Costco Wholesale Corporation $COST

Key Points

• CreativeOne Wealth LLC increased its stake in Costco Wholesale by 20.1%, owning a total of 7,900 shares valued at approximately $7.47 million at the end of the most recent quarter.
• Costco reported $4.28 EPS for the quarter, exceeding estimates, with revenue rising by 8% year-over-year to $63.21 billion.
• The company declared a quarterly dividend of $1.30 per share, translating to a 0.6% yield, with a payout ratio of 29.50%.

CreativeOne Wealth LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,900 shares of the retailer's stock after purchasing an additional 1,321 shares during the period. CreativeOne Wealth LLC's holdings in Costco Wholesale were worth $7,471,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $25,000. Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after acquiring an additional 11 shares during the period. Capital A Wealth Management LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $58,000. Mascagni Wealth Management Inc. acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $59,000. Finally, Bank & Trust Co lifted its stake in Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock valued at $61,000 after acquiring an additional 11 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Patrick J. Callans sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the transaction, the executive vice president owned 58,543 shares in the company, valued at approximately $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,147 shares of company stock valued at $10,067,740. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Down 0.5%

Costco Wholesale stock traded down $4.56 during mid-day trading on Thursday, hitting $944.96. The company had a trading volume of 2,066,238 shares, compared to its average volume of 2,332,416. 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 stock has a market cap of $419.07 billion, a price-to-earnings ratio of 53.60, a PEG ratio of 5.90 and a beta of 0.96. The business has a fifty day moving average of $967.16 and a 200 day moving average of $982.55. Costco Wholesale Corporation has a 1 year low of $867.16 and a 1 year high of $1,078.23.

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

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

Wall Street Analyst Weigh In

Several brokerages have commented on COST. Erste Group Bank cut shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a report on Thursday, May 29th. Loop Capital dropped their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Finally, Evercore ISI dropped their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a report on Tuesday, June 17th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,050.00.

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.