Fairvoy Private Wealth LLC Has $3.86 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Fairvoy Private Wealth LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 7.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,085 shares of the retailer's stock after selling 341 shares during the period. Costco Wholesale accounts for 1.1% of Fairvoy Private Wealth LLC's portfolio, making the stock its 26th largest holding. Fairvoy Private Wealth LLC's holdings in Costco Wholesale were worth $3,863,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new stake in Costco Wholesale during the fourth quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in Costco Wholesale during the fourth quarter worth approximately $31,000. NewSquare Capital LLC boosted its position in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares during the period. Clear Investment Research LLC boosted its position in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after acquiring an additional 10 shares during the period. Finally, Capital A Wealth Management LLC bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the transaction, the executive vice president now directly owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. This represents a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the transaction, the executive vice president now directly owns 58,543 shares in the company, valued at $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock valued at $10,825,205 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Down 1.2%

COST opened at $990.21 on Friday. The company has a market cap of $439.14 billion, a P/E ratio of 58.15, a P/E/G ratio of 6.15 and a beta of 1.00. The business's 50-day moving average price is $1,000.43 and its 200-day moving average price is $980.96. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $793.00 and a 12 month high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. During the same quarter in the previous year, the business earned $3.78 EPS. Costco Wholesale's revenue was up 8.0% compared to the same quarter last year. On average, equities analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, May 2nd. Costco Wholesale's payout ratio is currently 29.50%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Cowen reissued a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Morgan Stanley increased their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Robert W. Baird increased their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research note on Thursday, May 29th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,035.32.

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.

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