Diversify Wealth Management LLC Has $10.61 Million Stock Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Diversify Wealth Management LLC increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,702 shares of the retailer's stock after acquiring an additional 695 shares during the quarter. Costco Wholesale comprises approximately 0.8% of Diversify Wealth Management LLC's holdings, making the stock its 22nd largest holding. Diversify Wealth Management LLC's holdings in Costco Wholesale were worth $10,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Investment Management Corp VA ADV bought a new position in Costco Wholesale during the fourth quarter worth $25,000. Clear Investment Research LLC increased its position in Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after acquiring an additional 10 shares during the period. Aspect Partners LLC increased its holdings in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after buying an additional 11 shares during the period. Capital A Wealth Management LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $58,000. Finally, Mascagni Wealth Management Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at $59,000. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Price Performance

NASDAQ COST traded up $0.16 on Friday, hitting $970.33. 1,939,399 shares of the company were exchanged, compared to its average volume of 2,068,105. The firm has a 50 day moving average of $1,004.53 and a two-hundred day moving average of $981.82. The company has a market cap of $430.32 billion, a P/E ratio of 55.04, a P/E/G ratio of 6.03 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 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 issued its quarterly earnings results 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%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.78 EPS. On average, equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced 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. The ex-dividend date was Friday, May 2nd. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a yield of 0.54%. Costco Wholesale's dividend payout ratio is presently 29.50%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the transaction, the executive vice president directly owned 58,543 shares in the company, valued at approximately $58,705,164.11. This represents a 4.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the transaction, the executive vice president owned 43,994 shares in the company, valued at approximately $43,161,193.58. The trade was a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,547 shares of company stock valued at $9,496,950. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on COST shares. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Evercore ISI lowered their price target on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. Truist Financial boosted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Finally, Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.