Costco Wholesale Corporation (NASDAQ:COST) Shares Acquired by Endeavor Private Wealth Inc.

Key Points

• Endeavor Private Wealth Inc. increased its stake in Costco wholesale by 816.7%, acquiring an additional 294 shares, bringing its total holdings to 330 shares worth $313,000.
• Costco reported a quarterly earnings per share (EPS) of $4.28, surpassing the consensus estimate of $4.24, with a revenue of $63.21 billion for the quarter.
• The company declared a quarterly dividend of $1.30 per share, with an annualized yield of 0.5% and a payout ratio of 29.50%.

Endeavor Private Wealth Inc. lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 816.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 330 shares of the retailer's stock after purchasing an additional 294 shares during the quarter. Endeavor Private Wealth Inc.'s holdings in Costco Wholesale were worth $313,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Investment Management Corp VA ADV acquired a new stake in Costco Wholesale in the 4th quarter valued at $25,000. Aspect Partners LLC boosted its position in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after buying an additional 11 shares during the period. Capital A Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth about $58,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $59,000. Finally, Bank & Trust Co raised its holdings in shares of 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 buying an additional 11 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Up 1.4%

Shares of NASDAQ:COST opened at $952.52 on Friday. 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 company's 50-day moving average price is $983.34 and its 200 day moving average price is $983.82. The company has a market cap of $422.42 billion, a PE ratio of 54.03, a P/E/G ratio of 5.84 and a beta of 0.97. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating the consensus estimate of $4.24 by $0.04. The company 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%. Costco Wholesale's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.78 earnings per share. Sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 1st. Costco Wholesale's payout ratio is 29.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial upped 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. Morgan Stanley boosted their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Loop Capital lowered their price target 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. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Finally, Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Nine research 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 currently has an average rating of "Moderate Buy" and an average price target of $1,037.48.

Insiders Place Their Bets

In other news, EVP Patrick J. Callans sold 3,000 shares of the firm's stock in a transaction 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 directly owned 58,543 shares of the company's stock, valued at approximately $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,547 shares of company stock worth $9,472,510. Insiders own 0.18% of the company's stock.

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.

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