Florida Financial Advisors LLC Acquires 1,015 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Florida Financial Advisors LLC boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 90.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,132 shares of the retailer's stock after acquiring an additional 1,015 shares during the quarter. Costco Wholesale accounts for 0.8% of Florida Financial Advisors LLC's portfolio, making the stock its 25th largest position. Florida Financial Advisors LLC's holdings in Costco Wholesale were worth $2,018,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new position in Costco Wholesale in the 4th quarter valued at about $25,000. Clear Investment Research LLC lifted its stake in shares of Costco Wholesale by 22.2% in the 4th 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 lifted its stake in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after acquiring an additional 11 shares during the period. Capital A Wealth Management LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $58,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $59,000. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Up 0.3%

Costco Wholesale stock traded up $2.54 during midday trading on Thursday, reaching $953.91. The stock had a trading volume of 2,276,972 shares, compared to its average volume of 2,067,965. The firm's fifty day simple moving average is $1,000.06 and its two-hundred day simple moving average is $982.43. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm has a market cap of $423.04 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 5.91 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same quarter last year, the business posted $3.78 EPS. The company's revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's dividend payout ratio is 29.50%.

Insider Activity at Costco Wholesale

In other news, EVP Yoram Rubanenko sold 4,000 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction on 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 owned 58,543 shares in the company, valued at approximately $58,705,164.11. This represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,547 shares of company stock worth $9,472,510. Corporate insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on COST. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Loop Capital dropped their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Thursday, July 10th. Evercore ISI dropped 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 research report on Tuesday, June 17th. Finally, Cfra Research upgraded shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,037.48.

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.