Costco Wholesale Corporation (NASDAQ:COST) Shares Acquired by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC grew its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 103.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,855 shares of the retailer's stock after acquiring an additional 3,493 shares during the period. Journey Strategic Wealth LLC's holdings in Costco Wholesale were worth $6,484,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of COST. Investment Management Corp VA ADV purchased a new position in Costco Wholesale during the fourth quarter worth approximately $25,000. Aspect Partners LLC grew its stake in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $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 4th quarter valued at approximately $58,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $59,000. Finally, Bank & Trust Co grew its stake in shares of 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 buying an additional 11 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Patrick J. Callans sold 3,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the sale, the executive vice president directly owned 58,543 shares of the company's stock, valued at approximately $58,705,164.11. This represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 8,210 shares of the company's stock, valued at $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,547 shares of company stock valued at $9,472,510 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

COST traded down $7.39 on Thursday, reaching $933.80. The company had a trading volume of 2,053,439 shares, compared to its average volume of 1,979,621. Costco Wholesale Corporation has a 1 year low of $793.00 and a 1 year high of $1,078.23. The stock has a market capitalization of $414.12 billion, a PE ratio of 52.97, a P/E/G ratio of 5.85 and a beta of 0.97. 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 stock has a 50-day moving average price of $993.85 and a 200-day moving average price of $983.35.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share 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 firm had revenue of $63.21 billion during the quarter, compared to analysts' expectations of $62.93 billion. During the same period in the previous year, the company earned $3.78 earnings per share. Costco Wholesale's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.56%. Costco Wholesale's payout ratio is 29.50%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COST. Loop Capital dropped 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 research note on Thursday, May 29th. Truist Financial increased 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. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Evercore ISI lowered 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. Finally, Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,037.48.

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.