SYM FINANCIAL Corp boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 17.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,795 shares of the retailer's stock after purchasing an additional 266 shares during the period. Costco Wholesale comprises approximately 0.2% of SYM FINANCIAL Corp's investment portfolio, making the stock its 28th biggest holding. SYM FINANCIAL Corp's holdings in Costco Wholesale were worth $1,698,000 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. Brighton Jones LLC raised its position in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock worth $18,165,000 after purchasing an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC increased 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 worth $1,029,000 after buying an additional 130 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Costco Wholesale by 45.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock worth $107,436,000 after buying an additional 36,384 shares during the last quarter. Highview Capital Management LLC DE increased its holdings in shares of Costco Wholesale by 0.8% during the 4th quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer's stock worth $4,410,000 after buying an additional 40 shares during the last quarter. Finally, Hudson Value Partners LLC boosted its position in shares of Costco Wholesale by 5.7% during the 4th quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer's stock worth $7,789,000 after purchasing an additional 455 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.
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 on 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 transaction, the executive vice president directly owned 58,543 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares of the company's stock, valued at $5,629,419.04. This trade represents a 40.92% 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 over the last three months. 0.18% of the stock is currently owned by insiders.
Costco Wholesale Price Performance
Shares of NASDAQ COST traded up $1.68 on Friday, hitting $935.48. The company's stock had a trading volume of 1,825,525 shares, compared to its average volume of 1,969,335. Costco Wholesale Corporation has a 12-month low of $793.00 and a 12-month high of $1,078.23. The company has a market capitalization of $414.87 billion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 5.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The stock has a 50 day moving average of $992.04 and a 200-day moving average of $983.45.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same quarter in the previous year, the business posted $3.78 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. As a group, research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.
Costco Wholesale Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, August 1st. Costco Wholesale's payout ratio is currently 29.50%.
Wall Street Analysts Forecast Growth
COST has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, July 10th. Evercore ISI cut their price target on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 17th. Morgan Stanley lifted their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, Cfra Research upgraded shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,037.48.
Read Our Latest Report on COST
Costco Wholesale Profile
(
Free Report)
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.
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