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

Investor s Fiduciary Advisor Network LLC decreased its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,584 shares of the retailer's stock after selling 436 shares during the quarter. 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 institutional investors have also bought and sold shares of the company. May Barnhard Investments LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at $485,000. Brighton Jones LLC lifted its stake in Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock valued at $18,165,000 after buying an additional 2,172 shares during the period. Revolve Wealth Partners LLC lifted its stake in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock valued at $1,029,000 after buying an additional 130 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in Costco Wholesale by 45.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock valued at $107,436,000 after buying an additional 36,384 shares during the period. Finally, Highview Capital Management LLC DE lifted its stake in Costco Wholesale by 0.8% in the fourth quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer's stock valued at $4,410,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Stock Down 1.2%

Shares of NASDAQ:COST traded down $11.92 during trading on Thursday, hitting $970.17. 2,891,060 shares of the company were exchanged, compared to its average volume of 2,083,057. The stock has a market cap of $430.25 billion, a price-to-earnings ratio of 55.03, a P/E/G ratio of 6.13 and a beta of 0.97. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.24. The firm has a fifty day moving average price of $1,005.11 and a two-hundred day moving average price of $981.68. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. The firm had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.78 EPS. As a group, research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a dividend of $1.30 per share. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. This represents a $5.20 annualized dividend and a dividend yield of 0.54%. Costco Wholesale's payout ratio is 29.50%.

Insiders Place Their Bets

In other news, EVP Patrick J. Callans sold 3,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction 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. The trade was a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James C. Klauer sold 4,000 shares of Costco Wholesale stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the transaction, the executive vice president owned 43,994 shares of the company's stock, valued at $43,161,193.58. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,547 shares of company stock valued at $9,496,950. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Truist Financial increased their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Mizuho assumed coverage on Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price on the stock. Loop Capital cut their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,034.79.

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.