Costco Wholesale Corporation (NASDAQ:COST) Shares Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,386 shares of the retailer's stock after acquiring an additional 264 shares during the period. Costco Wholesale comprises about 0.8% of Thoroughbred Financial Services LLC's holdings, making the stock its 25th biggest holding. Thoroughbred Financial Services LLC's holdings in Costco Wholesale were worth $12,660,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in COST. MWA Asset Management lifted its stake in Costco Wholesale by 1.8% in the 1st quarter. MWA Asset Management now owns 4,232 shares of the retailer's stock valued at $4,002,000 after buying an additional 73 shares in the last quarter. Silver Coast Investments LLC acquired a new position in shares of Costco Wholesale during the first quarter valued at approximately $261,000. Probity Advisors Inc. purchased a new position in shares of Costco Wholesale in the first quarter valued at approximately $221,000. ING Groep NV boosted its stake in shares of Costco Wholesale by 26.9% in the first quarter. ING Groep NV now owns 97,319 shares of the retailer's stock worth $92,042,000 after acquiring an additional 20,605 shares during the last quarter. Finally, Earned Wealth Advisors LLC boosted its stake in shares of Costco Wholesale by 138.0% in the first quarter. Earned Wealth Advisors LLC now owns 3,094 shares of the retailer's stock worth $2,926,000 after acquiring an additional 1,794 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research note on Thursday, May 29th. Evercore ISI reduced their target price 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. Mizuho initiated coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target on the stock. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and a consensus price target of $1,037.48.

Costco Wholesale Stock Up 0.3%

Costco Wholesale stock opened at $955.37 on Tuesday. The company has a market capitalization of $423.68 billion, a PE ratio of 54.19, a price-to-earnings-growth ratio of 5.92 and a beta of 0.96. 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 fifty-two week low of $793.00 and a fifty-two week high of $1,078.23. The firm has a 50 day moving average price of $982.28 and a 200 day moving average price of $984.78.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping 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 business had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same period last year, the business posted $3.78 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. Research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's payout ratio is currently 29.50%.

Insider Transactions at Costco Wholesale

In other news, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the sale, the executive vice president 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director owned 11,531 shares of the company's stock, valued at $11,300,380. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,547 shares of company stock valued at $9,472,510. 0.18% of the stock is owned by insiders.

Costco Wholesale 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.

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