Financial Partners Group Inc boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 17.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,685 shares of the retailer's stock after acquiring an additional 390 shares during the period. Financial Partners Group Inc's holdings in Costco Wholesale were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC grew its holdings in shares of Costco Wholesale by 12.4% during the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock worth $1,436,000 after purchasing an additional 167 shares in the last quarter. Geode Capital Management LLC boosted its stake in Costco Wholesale by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after buying an additional 252,118 shares in the last quarter. F&V Capital Management LLC acquired a new stake in Costco Wholesale in the first quarter valued at about $236,000. Graybill Wealth Management LTD. acquired a new stake in Costco Wholesale in the first quarter valued at about $3,095,000. Finally, Curat Global LLC acquired a new stake in Costco Wholesale in the first quarter valued at about $241,000. Institutional investors own 68.48% of the company's stock.
Insider Buying and Selling
In related news, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company's stock, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,547 shares of company stock valued at $9,472,510. 0.18% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on COST. Truist Financial raised their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, July 10th. Loop Capital cut their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Finally, Morgan Stanley lifted their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of "Moderate Buy" and an average price target of $1,037.48.
Get Our Latest Research Report on Costco Wholesale
Costco Wholesale Stock Performance
COST stock traded up $0.01 during midday trading on Tuesday, hitting $947.57. The company's stock had a trading volume of 476,549 shares, compared to its average volume of 2,060,104. The stock's 50-day moving average price is $998.91 and its 200 day moving average price is $983.64. The company has a quick ratio of 0.52, a current ratio of 1.02 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. The stock has a market cap of $420.23 billion, a price-to-earnings ratio of 53.75, a PEG ratio of 5.91 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results 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 return on equity of 30.48% and a net margin of 2.92%. The firm had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.
Costco Wholesale Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's dividend payout ratio is presently 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.
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