Kestra Private Wealth Services LLC Has $58.73 Million Position in Costco Wholesale Corporation (NASDAQ:COST)

Kestra Private Wealth Services LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 0.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 62,101 shares of the retailer's stock after purchasing an additional 475 shares during the quarter. Costco Wholesale comprises about 1.0% of Kestra Private Wealth Services LLC's holdings, making the stock its 14th biggest holding. Kestra Private Wealth Services LLC's holdings in Costco Wholesale were worth $58,734,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock worth $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC raised 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 period. Bank Pictet & Cie Europe AG raised its stake in Costco Wholesale by 45.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock worth $107,436,000 after acquiring an additional 36,384 shares during the period. Highview Capital Management LLC DE raised its stake in Costco Wholesale by 0.8% during the 4th quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer's stock worth $4,410,000 after acquiring an additional 40 shares during the period. Finally, Hudson Value Partners LLC raised its stake in Costco Wholesale by 5.7% during the 4th quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer's stock worth $7,789,000 after acquiring an additional 455 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Patrick J. Callans sold 3,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was 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 of the company's stock, valued at $58,705,164.11. This represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 8,210 shares in the company, valued at $8,326,171.50. The trade was a 19.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,547 shares of company stock valued at $9,472,510. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Truist Financial boosted their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday, July 10th. Finally, Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of "Moderate Buy" and a consensus price target of $1,037.48.

Costco Wholesale Stock Down 0.3%

Shares of NASDAQ COST traded down $2.96 during trading hours on Friday, hitting $950.95. The stock had a trading volume of 2,110,863 shares, compared to its average volume of 2,067,454. The company has a market capitalization of $421.72 billion, a P/E ratio of 53.94, a P/E/G ratio of 5.91 and a beta of 0.97. The firm's 50-day moving average price is $998.91 and its two-hundred day moving average price is $983.13. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $62.93 billion. During the same period in the previous year, the company earned $3.78 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given 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 (DPR) is 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.