Cwm LLC Purchases 4,796 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Cwm LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,289 shares of the retailer's stock after purchasing an additional 4,796 shares during the period. Cwm LLC's holdings in Costco Wholesale were worth $59,858,000 as of its most recent SEC filing.

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

Costco Wholesale Trading Up 0.0%

NASDAQ COST opened at $970.33 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.24. The stock has a market capitalization of $430.32 billion, a PE ratio of 55.04, a price-to-earnings-growth ratio of 6.04 and a beta of 0.97. The firm has a 50 day moving average of $1,003.77 and a two-hundred day moving average of $982.06.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted 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 net margin of 2.92% and a return on equity of 30.48%. 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 business posted $3.78 EPS. The firm's revenue was up 8.0% on a year-over-year basis. As a group, research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

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

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent research reports. Evercore ISI dropped their price objective 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. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Truist Financial increased their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday. Finally, Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Nine investment 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 stock currently has an average rating of "Moderate Buy" and an average target price of $1,037.48.

Insider Activity at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the completion of the sale, the executive vice president owned 8,210 shares in the company, valued at $8,326,171.50. This represents a 19.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the stock in a transaction 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 sale, the executive vice president owned 43,994 shares of the company's stock, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,547 shares of company stock worth $9,496,950. Corporate 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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.