D.A. Davidson & CO. raised its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 0.6% 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 154,350 shares of the retailer's stock after acquiring an additional 933 shares during the quarter. Costco Wholesale makes up approximately 1.2% of D.A. Davidson & CO.'s portfolio, making the stock its 12th biggest position. D.A. Davidson & CO.'s holdings in Costco Wholesale were worth $145,982,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. May Barnhard Investments LLC acquired a new stake in Costco Wholesale during the 4th quarter worth approximately $485,000. Brighton Jones LLC grew its stake in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock worth $18,165,000 after acquiring an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock worth $1,029,000 after acquiring an additional 130 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of Costco Wholesale by 33.3% in the fourth quarter. SOA Wealth Advisors LLC. now owns 188 shares of the retailer's stock valued at $172,000 after acquiring an additional 47 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG grew its stake in Costco Wholesale by 45.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock worth $107,436,000 after purchasing an additional 36,384 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.
Wall Street Analyst Weigh In
COST has been the topic of a number of analyst reports. Mizuho began 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. Cfra Research upgraded shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Loop Capital reduced their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Truist Financial lifted their price objective 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 analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,034.79.
Check Out Our Latest Stock Report on COST
Insider Buying and Selling
In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the company's 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 transaction, the executive vice president owned 8,210 shares in the company, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Decker sold 547 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, 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. Insiders sold a total of 9,547 shares of company stock valued at $9,496,950 over the last 90 days. Insiders own 0.18% of the company's stock.
Costco Wholesale Stock Performance
Shares of Costco Wholesale stock traded up $3.91 during trading on Friday, reaching $986.27. The company's stock had a trading volume of 1,101,351 shares, compared to its average volume of 2,076,297. The company has a 50-day moving average price of $1,005.02 and a two-hundred day moving average price of $981.05. 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 market cap of $437.39 billion, a PE ratio of 55.94, a P/E/G ratio of 6.11 and a beta of 0.97. 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 data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $62.93 billion. During the same period in the previous year, the business posted $3.78 earnings per share. Costco Wholesale's quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.
Costco Wholesale Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 2nd. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.53%. Costco Wholesale's dividend payout ratio is currently 29.50%.
About Costco Wholesale
(
Free Report)
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.
Featured Articles
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
