Investor s Fiduciary Advisor Network LLC Sells 436 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Investor s Fiduciary Advisor Network LLC cut its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 21.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,584 shares of the retailer's stock after selling 436 shares during the period. Investor s Fiduciary Advisor Network LLC's holdings in Costco Wholesale were worth $1,498,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Traveka Wealth LLC boosted its position in Costco Wholesale by 3.7% in the 1st quarter. Traveka Wealth LLC now owns 1,827 shares of the retailer's stock valued at $1,728,000 after buying an additional 66 shares during the last quarter. Cloud Capital Management LLC bought a new position in Costco Wholesale in the 1st quarter valued at $433,000. Argentarii LLC boosted its position in Costco Wholesale by 14.7% in the 1st quarter. Argentarii LLC now owns 5,004 shares of the retailer's stock valued at $4,733,000 after buying an additional 641 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in Costco Wholesale by 10.2% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 162 shares of the retailer's stock valued at $153,000 after buying an additional 15 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its position in Costco Wholesale by 9.8% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 607 shares of the retailer's stock valued at $574,000 after buying an additional 54 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

NASDAQ COST traded down $10.02 during trading on Wednesday, reaching $975.83. 966,282 shares of the company's stock were exchanged, compared to its average volume of 2,069,405. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.24. The stock has a market capitalization of $432.76 billion, a P/E ratio of 55.35, a PEG ratio of 6.17 and a beta of 0.97. The business has a 50 day moving average price of $1,005.36 and a 200-day moving average price of $981.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The company had revenue of $63.21 billion during the quarter, compared to analysts' expectations of $62.93 billion. During the same quarter 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. Sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, May 2nd. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's payout ratio is currently 29.50%.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent research reports. Loop Capital decreased their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Mizuho assumed coverage on Costco Wholesale in a research report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target on the stock. Truist Financial raised their price target on 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, Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a report on Thursday, May 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,034.79.

Insider Transactions at Costco Wholesale

In other news, EVP James C. Klauer sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the sale, the executive vice president owned 43,994 shares in the company, valued at $43,161,193.58. The trade was a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 547 shares of the business's stock in a transaction that occurred 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 sale, the director owned 11,531 shares of the company's stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,547 shares of company stock worth $9,496,950. Insiders own 0.18% of the company's stock.

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.