Hudson Value Partners LLC Has $8.76 Million Position in Costco Wholesale Corporation (NASDAQ:COST)

Hudson Value Partners LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 8.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 9,257 shares of the retailer's stock after buying an additional 756 shares during the period. Costco Wholesale comprises approximately 3.3% of Hudson Value Partners LLC's holdings, making the stock its 5th largest holding. Hudson Value Partners LLC's holdings in Costco Wholesale were worth $8,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. May Barnhard Investments LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $485,000. Ironwood Wealth Management LLC. grew its position in shares of Costco Wholesale by 0.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer's stock worth $3,529,000 after buying an additional 22 shares during the period. Brighton Jones LLC increased its stake in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock valued at $18,165,000 after acquiring an additional 2,172 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $8,776,000. Finally, Revolve Wealth Partners LLC boosted its stake in Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock worth $1,029,000 after acquiring an additional 130 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cowen restated a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Tuesday, June 3rd. Evercore ISI reduced 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. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research report on Thursday, May 29th. Finally, Truist Financial lifted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,034.79.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 547 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the transaction, the director now directly owns 11,531 shares in the company, valued at $11,300,380. The trade was a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 8,210 shares in the company, valued at $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock worth $9,496,950 in the last ninety days. Insiders own 0.18% of the company's stock.

Costco Wholesale Stock Down 0.4%

COST stock traded down $3.63 during midday trading on Thursday, hitting $982.91. The company's stock had a trading volume of 2,260,136 shares, compared to its average volume of 2,069,909. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company's fifty day moving average price is $1,004.08 and its 200 day moving average price is $981.26. The stock has a market capitalization of $435.90 billion, a P/E ratio of 55.75, a PEG ratio of 5.83 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $62.93 billion. During the same period in the previous year, the business earned $3.78 EPS. The company's revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

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

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.