Costco Wholesale Corporation (NASDAQ:COST) Shares Purchased by Trillium Asset Management LLC

Key Points

• Trillium Asset Management LLC increased its stake in Costco Wholesale by 3.7%, now holding a total of 64,679 shares valued at approximately $61.17 million.
• Costco's recent quarterly earnings report showed $4.28 earnings per share, exceeding estimates, with a revenue of $63.21 billion for the quarter.
• The company declared a quarterly dividend of $1.30 per share, with a dividend yield of 0.5%, scheduled for payment on August 15th.

Trillium Asset Management LLC grew its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,679 shares of the retailer's stock after purchasing an additional 2,280 shares during the period. Costco Wholesale makes up approximately 1.8% of Trillium Asset Management LLC's holdings, making the stock its 7th largest holding. Trillium Asset Management LLC's holdings in Costco Wholesale were worth $61,172,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Personal CFO Solutions LLC grew its position in Costco Wholesale by 12.4% during the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock worth $1,436,000 after acquiring an additional 167 shares during the last quarter. F&V Capital Management LLC bought a new stake in Costco Wholesale during the 1st quarter worth approximately $236,000. Graybill Wealth Management LTD. bought a new stake in Costco Wholesale during the 1st quarter worth approximately $3,095,000. Curat Global LLC bought a new stake in Costco Wholesale during the 1st quarter worth approximately $241,000. Finally, Gateway Wealth Partners LLC grew its position in Costco Wholesale by 2.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 1,380 shares of the retailer's stock worth $1,305,000 after acquiring an additional 27 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Patrick J. Callans sold 3,000 shares of Costco Wholesale stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Friday, June 6th. The stock was 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 of the company's stock, valued at $8,326,171.50. The trade was a 19.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock worth $9,472,510 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Up 0.3%

Shares of COST traded up $2.51 during midday trading on Tuesday, hitting $991.25. The stock had a trading volume of 1,587,474 shares, compared to its average volume of 2,215,102. The company has a 50 day simple moving average of $975.28 and a two-hundred day simple moving average of $985.81. Costco Wholesale Corporation has a twelve month low of $856.16 and a twelve month high of $1,078.23. The firm has a market cap of $439.60 billion, a price-to-earnings ratio of 56.23, a price-to-earnings-growth ratio of 6.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

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

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $1.30 dividend. The ex-dividend date is Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.

Wall Street Analyst Weigh In

A number of research firms recently commented on COST. JPMorgan Chase & Co. increased their price target on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, August 4th. Truist Financial increased their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. 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 report on Friday, May 30th. Finally, Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research report on Thursday, May 29th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently 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.