Elyxium Wealth LLC Acquires 1,527 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Elyxium Wealth LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 53.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,379 shares of the retailer's stock after purchasing an additional 1,527 shares during the period. Costco Wholesale makes up about 1.8% of Elyxium Wealth LLC's holdings, making the stock its 13th biggest position. Elyxium Wealth LLC's holdings in Costco Wholesale were worth $4,141,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of COST. Investment Management Corp VA ADV acquired a new position in Costco Wholesale in the fourth quarter worth about $25,000. Aspect Partners LLC increased its holdings in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after buying an additional 11 shares in the last quarter. Capital A Wealth Management LLC acquired a new stake in Costco Wholesale during the 4th quarter worth $58,000. Mascagni Wealth Management Inc. bought a new position in shares of Costco Wholesale during the fourth quarter worth $59,000. Finally, Bank & Trust Co lifted its position in Costco Wholesale by 20.4% in the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock valued at $61,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In other news, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the transaction, the executive vice president owned 8,210 shares of the company's stock, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan L. Decker sold 547 shares of the firm'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 of the company's stock, valued at $11,300,380. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,547 shares of company stock worth $9,472,510. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Down 0.4%

Shares of COST stock traded down $3.39 during trading hours on Monday, hitting $947.56. 1,741,015 shares of the company were exchanged, compared to its average volume of 2,066,150. The firm has a market cap of $420.22 billion, a P/E ratio of 53.75, a P/E/G ratio of 5.91 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 $1,078.24. The company has a 50 day simple moving average of $998.91 and a two-hundred day simple moving average of $983.64. 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 issued its 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 analyst estimates of $62.93 billion. During the same period in the previous year, the company posted $3.78 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COST shares. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, July 10th. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Evercore ISI reduced their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research report on Tuesday, June 17th. Truist Financial lifted their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Finally, Morgan Stanley raised their target price on 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. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,037.48.

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.