Fiduciary Alliance LLC Purchases 1,962 Shares of Costco Wholesale Co. (NASDAQ:COST)

Fiduciary Alliance LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,164 shares of the retailer's stock after purchasing an additional 1,962 shares during the quarter. Costco Wholesale accounts for approximately 0.9% of Fiduciary Alliance LLC's holdings, making the stock its 25th biggest position. Fiduciary Alliance LLC's holdings in Costco Wholesale were worth $9,613,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COST. Stanich Group LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at $214,000. Geode Capital Management LLC lifted its stake in Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after acquiring an additional 252,118 shares during the period. Brentview Investment Management LLC purchased a new stake in Costco Wholesale in the fourth quarter worth approximately $4,522,000. Manuka Financial LLC bought a new stake in Costco Wholesale in the 4th quarter worth approximately $258,000. Finally, Flavin Financial Services Inc. purchased a new stake in Costco Wholesale during the 4th quarter valued at $1,494,000. Institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on COST shares. Loop Capital reduced 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 report on Thursday, May 29th. Robert W. Baird upped their price target on shares of 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. Telsey Advisory Group reissued a "hold" rating on shares of Costco Wholesale in a report on Tuesday. DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Finally, Truist Financial boosted their price objective 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. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale has a consensus rating of "Moderate Buy" and an average target price of $1,035.32.

Insider Activity at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the sale, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. The trade was a 8.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 43,994 shares of the company's stock, valued at approximately $43,161,193.58. The trade was a 8.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,600 shares of company stock valued at $9,140,195 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Price Performance

Shares of COST stock traded down $1.26 during trading hours on Tuesday, hitting $1,055.59. The stock had a trading volume of 1,990,643 shares, compared to its average volume of 2,052,082. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $468.35 billion, a price-to-earnings ratio of 61.98, a PEG ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a one year low of $793.00 and a one year high of $1,078.24. The stock's 50-day moving average price is $986.39 and its two-hundred day moving average price is $977.03.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 32.31% and a net margin of 2.93%. The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.78 EPS. Equities analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were paid a dividend of $1.30 per share. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale's dividend payout ratio is presently 30.36%.

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.