Capital Insight Partners LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 188.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,202 shares of the retailer's stock after purchasing an additional 2,746 shares during the period. Capital Insight Partners LLC's holdings in Costco Wholesale were worth $3,974,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Stonebrook Private Inc. grew its position in Costco Wholesale by 8.3% during the first quarter. Stonebrook Private Inc. now owns 1,558 shares of the retailer's stock valued at $1,473,000 after acquiring an additional 119 shares during the last quarter. Parr Mcknight Wealth Management Group LLC grew its position in Costco Wholesale by 3.1% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 6,017 shares of the retailer's stock valued at $5,691,000 after acquiring an additional 183 shares during the last quarter. Sharpepoint LLC bought a new position in Costco Wholesale during the first quarter valued at approximately $209,000. CFO4Life Group LLC grew its position in Costco Wholesale by 2.1% during the first quarter. CFO4Life Group LLC now owns 1,079 shares of the retailer's stock valued at $1,021,000 after acquiring an additional 22 shares during the last quarter. Finally, Ascent Capital Management LLC grew its position in Costco Wholesale by 1.4% during the first quarter. Ascent Capital Management LLC now owns 1,009 shares of the retailer's stock valued at $954,000 after acquiring an additional 14 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, EVP James C. Klauer sold 4,000 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the transaction, the executive vice president directly owned 43,994 shares in the company, valued at $43,161,193.58. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 547 shares of the firm's stock in a transaction 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 transaction, the director owned 11,531 shares of the company's stock, valued at $11,300,380. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock valued at $9,496,950 over the last ninety days. Insiders own 0.18% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on COST. Truist Financial increased their price objective 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. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Morgan Stanley increased their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Loop Capital dropped their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,037.48.
Check Out Our Latest Stock Report on Costco Wholesale
Costco Wholesale Stock Up 0.0%
COST traded up $0.16 during trading on Friday, reaching $970.33. The stock had a trading volume of 1,939,399 shares, compared to its average volume of 2,063,204. The stock's 50 day moving average is $1,003.77 and its two-hundred day moving average is $982.24. 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 $430.32 billion, a price-to-earnings ratio of 55.04, a P/E/G ratio of 6.03 and a beta of 0.97. Costco Wholesale Corporation has a one year low of $793.00 and a one year high of $1,078.24.
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 (EPS) for the quarter, topping 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 business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same quarter in the prior year, the company earned $3.78 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.
Costco Wholesale Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 2nd. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a dividend yield of 0.54%. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.
Costco Wholesale Company Profile
(
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.
Featured Articles
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
