Reyes Financial Architecture Inc. Sells 1,218 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Reyes Financial Architecture Inc. reduced its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 94.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71 shares of the retailer's stock after selling 1,218 shares during the period. Reyes Financial Architecture Inc.'s holdings in Costco Wholesale were worth $67,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale during the fourth quarter worth about $25,000. Clear Investment Research LLC boosted its position in shares of Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after purchasing an additional 10 shares in the last quarter. Aspect Partners LLC boosted its position in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after purchasing an additional 11 shares in the last quarter. Capital A Wealth Management LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $58,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $59,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded down $12.22 during midday trading on Tuesday, hitting $968.69. The company had a trading volume of 1,153,494 shares, compared to its average volume of 2,058,216. The business's 50 day simple moving average is $1,003.09 and its two-hundred day simple moving average is $982.53. The stock has a market cap of $429.59 billion, a PE ratio of 54.94, a P/E/G ratio of 6.03 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. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.24.

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

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a $1.30 dividend. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

Insider Transactions at Costco Wholesale

In related news, EVP James C. Klauer sold 4,000 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 43,994 shares of the company's stock, valued at $43,161,193.58. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the transaction, the executive vice president directly owned 8,210 shares of the company's stock, valued at approximately $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 9,547 shares of company stock valued at $9,496,950 in the last ninety days. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI reduced 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. Morgan Stanley upped their price objective on shares of 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. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Loop Capital reduced their price objective 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. Finally, Truist Financial increased their price target 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. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,037.48.

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.