TLW Wealth Management LLC Has $12.86 Million Holdings in Costco Wholesale Corporation (NASDAQ:COST)

TLW Wealth Management LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,601 shares of the retailer's stock after buying an additional 326 shares during the period. Costco Wholesale accounts for 7.7% of TLW Wealth Management LLC's portfolio, making the stock its 7th biggest position. TLW Wealth Management LLC's holdings in Costco Wholesale were worth $12,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. May Barnhard Investments LLC bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $485,000. Brighton Jones LLC lifted its position in Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock valued at $18,165,000 after buying an additional 2,172 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock valued at $1,029,000 after buying an additional 130 shares in the last quarter. SOA Wealth Advisors LLC. grew its position in shares of Costco Wholesale by 33.3% in the 4th quarter. SOA Wealth Advisors LLC. now owns 188 shares of the retailer's stock worth $172,000 after buying an additional 47 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its stake in shares of Costco Wholesale by 45.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock worth $107,436,000 after acquiring an additional 36,384 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Mizuho initiated coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They set a "neutral" rating and a $975.00 price objective on the stock. Barclays upped their price target on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research note on Thursday, May 29th. Sanford C. Bernstein reissued an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,034.79.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 547 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the sale, the director directly owned 11,531 shares in the company, valued at $11,300,380. This represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction 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 transaction, the executive vice president owned 8,210 shares in the company, valued at $8,326,171.50. This trade represents a 19.59% 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 $9,496,950. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Performance

NASDAQ:COST traded up $3.91 on Thursday, hitting $986.27. The stock had a trading volume of 1,101,351 shares, compared to its average volume of 2,071,269. The business's 50-day simple moving average is $1,004.80 and its two-hundred day simple moving average is $981.10. The stock has a market cap of $437.39 billion, a price-to-earnings ratio of 55.94, a price-to-earnings-growth ratio of 6.13 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 quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued 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. The firm had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.78 EPS. As a group, research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, May 2nd. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio (DPR) is currently 29.50%.

About Costco Wholesale

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.