Bear Mountain Capital Inc. Acquires 451 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Bear Mountain Capital Inc. raised its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 82.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 998 shares of the retailer's stock after buying an additional 451 shares during the period. Costco Wholesale comprises 0.4% of Bear Mountain Capital Inc.'s holdings, making the stock its 29th biggest holding. Bear Mountain Capital Inc.'s holdings in Costco Wholesale were worth $989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Investment Management Corp VA ADV purchased a new position in shares of Costco Wholesale in the fourth quarter worth about $25,000. Clear Investment Research LLC increased its position in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after acquiring an additional 10 shares during the last quarter. Aspect Partners LLC grew its holdings in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after purchasing an additional 11 shares in the last quarter. Capital A Wealth Management LLC acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $58,000. Finally, Mascagni Wealth Management Inc. purchased a new position in Costco Wholesale in the fourth quarter worth approximately $59,000. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Price Performance

Costco Wholesale stock traded up $2.54 during midday trading on Thursday, reaching $953.91. 2,276,972 shares of the stock were exchanged, compared to its average volume of 2,067,965. The company's fifty day moving average is $1,001.13 and its 200-day moving average is $982.21. The firm has a market cap of $423.04 billion, a PE ratio of 54.11, a PEG ratio of 5.91 and a beta of 0.97. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.24. 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 posted its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS 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 during the quarter, compared to analysts' expectations of $62.93 billion. During the same period last 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, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.55%. Costco Wholesale's dividend payout ratio is currently 29.50%.

Insider Activity

In other news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the sale, the executive vice president directly owned 8,210 shares in the company, valued at $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 completion of the transaction, the director directly owned 11,531 shares in the company, valued at approximately $11,300,380. The trade was 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 $9,472,510 in the last quarter. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on COST. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a report on Thursday, May 29th. Truist Financial boosted their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Mizuho started coverage on Costco Wholesale in a research report on Friday, April 11th. They set a "neutral" rating and a $975.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,037.48.

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.