Guerra Advisors Inc Has $1.98 Million Stock Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Guerra Advisors Inc increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 22.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,094 shares of the retailer's stock after acquiring an additional 388 shares during the quarter. Costco Wholesale comprises about 1.1% of Guerra Advisors Inc's investment portfolio, making the stock its 29th largest position. Guerra Advisors Inc's holdings in Costco Wholesale were worth $1,981,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in COST. Investment Management Corp VA ADV bought a new position in Costco Wholesale during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new position in Costco Wholesale during the 4th quarter worth approximately $31,000. NewSquare Capital LLC boosted 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 acquiring an additional 25 shares during the last quarter. Clear Investment Research LLC boosted its stake in Costco Wholesale by 22.2% during 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 last quarter. Finally, Aspect Partners LLC boosted its stake in Costco Wholesale by 24.4% during 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 last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Barclays lifted their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research note on Thursday, May 29th. Mizuho started coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target on the stock. Finally, Evercore ISI cut 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 note on Tuesday, June 17th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,034.79.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the transaction, the executive vice president now directly owns 8,210 shares in the company, valued at $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction on 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 owns 43,994 shares in the company, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,547 shares of company stock worth $9,496,950 over the last ninety days. Insiders own 0.18% of the company's stock.

Costco Wholesale Price Performance

Shares of COST opened at $985.14 on Monday. The company has a market cap of $436.89 billion, a price-to-earnings ratio of 55.88, a PEG ratio of 5.82 and a beta of 1.00. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.24. The company's fifty day simple moving average is $1,003.90 and its 200 day simple moving average is $981.05. 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 issued its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share 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 net margin of 2.92% and a return on equity of 30.48%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.78 earnings per share. On average, research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.