Costco Wholesale Corporation (NASDAQ:COST) Shares Purchased by Elyxium Wealth LLC

Elyxium Wealth LLC raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 53.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,379 shares of the retailer's stock after acquiring an additional 1,527 shares during the quarter. Costco Wholesale makes up 1.8% of Elyxium Wealth LLC's investment portfolio, making the stock its 13th biggest holding. Elyxium Wealth LLC's holdings in Costco Wholesale were worth $4,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Covenant Asset Management LLC increased its stake in Costco Wholesale by 681.6% in the 1st quarter. Covenant Asset Management LLC now owns 4,170 shares of the retailer's stock valued at $3,944,000 after purchasing an additional 4,887 shares in the last quarter. Berkeley Capital Partners LLC increased its position in shares of Costco Wholesale by 3.7% during the first quarter. Berkeley Capital Partners LLC now owns 841 shares of the retailer's stock worth $795,000 after acquiring an additional 30 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its stake in Costco Wholesale by 2.3% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,210 shares of the retailer's stock worth $8,711,000 after purchasing an additional 206 shares in the last quarter. Copperwynd Financial LLC boosted its stake in Costco Wholesale by 2.1% in the first quarter. Copperwynd Financial LLC now owns 1,651 shares of the retailer's stock valued at $1,561,000 after acquiring an additional 34 shares during the period. Finally, South Dakota Investment Council boosted its position in shares of Costco Wholesale by 110.0% during the first quarter. South Dakota Investment Council now owns 210 shares of the retailer's stock worth $199,000 after buying an additional 110 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the transaction, the director directly owned 11,531 shares of the company's stock, valued at $11,300,380. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Pierre Riel sold 2,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the sale, the executive vice president directly 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. Insiders sold 9,547 shares of company stock worth $9,472,510 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Up 0.4%

Shares of NASDAQ COST traded up $3.78 during midday trading on Wednesday, hitting $945.39. 807,764 shares of the stock traded hands, compared to its average volume of 2,060,897. The company has a market cap of $419.26 billion, a PE ratio of 53.57, a P/E/G ratio of 5.89 and a beta of 0.97. 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 Corporation has a one year low of $793.00 and a one year high of $1,078.24. The business has a 50 day moving average price of $998.91 and a two-hundred day moving average price of $983.64.

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 analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The business had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's payout ratio is 29.50%.

Analysts Set New Price Targets

COST has been the subject of a number of recent research reports. Evercore ISI decreased 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 report on Tuesday, June 17th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, July 10th. Morgan Stanley increased their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Truist Financial raised their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.