Falcon Wealth Planning Has $5.46 Million Stock Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Falcon Wealth Planning reduced its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,771 shares of the retailer's stock after selling 642 shares during the quarter. Costco Wholesale comprises about 0.6% of Falcon Wealth Planning's portfolio, making the stock its 21st biggest position. Falcon Wealth Planning's holdings in Costco Wholesale were worth $5,458,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new position in Costco Wholesale during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the 4th quarter worth approximately $31,000. NewSquare Capital LLC raised its stake in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after buying an additional 25 shares during the period. Clear Investment Research LLC raised its stake 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 worth $51,000 after purchasing an additional 10 shares during the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $58,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $985.14 on Friday. The stock has a fifty day simple moving average of $1,003.90 and a two-hundred day simple moving average of $981.20. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.24. The firm has a market cap of $436.89 billion, a price-to-earnings ratio of 55.88, a price-to-earnings-growth ratio of 5.81 and a beta of 1.00. 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 announced its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same period in the prior year, the company earned $3.78 earnings per share. Costco Wholesale's revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.53%. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio is 29.50%.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the sale, the executive vice president now owns 8,210 shares in the company, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 547 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the sale, the director now owns 11,531 shares in the company, valued at $11,300,380. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,547 shares of company stock valued at $9,496,950. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several analyst reports. Loop Capital lowered their price objective on 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. Robert W. Baird increased their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Mizuho initiated coverage on Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective for the company. Morgan Stanley increased their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, Barclays increased their price objective on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of "Moderate Buy" and an average target price of $1,034.79.

About Costco Wholesale

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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