Keystone Wealth Services LLC Sells 442 Shares of Costco Wholesale Co. (NASDAQ:COST)

Keystone Wealth Services LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,608 shares of the retailer's stock after selling 442 shares during the period. Costco Wholesale comprises 2.5% of Keystone Wealth Services LLC's portfolio, making the stock its 6th largest holding. Keystone Wealth Services LLC's holdings in Costco Wholesale were worth $9,087,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $31,000. NewSquare Capital LLC grew its stake in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after buying an additional 25 shares in the last quarter. Clear Investment Research LLC grew 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 valued at $51,000 after buying an additional 10 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $58,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $990.21 on Monday. The business has a fifty day simple moving average of $1,000.43 and a 200 day simple moving average of $981.10. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $439.14 billion, a price-to-earnings ratio of 58.15, a PEG ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a one year low of $793.00 and a one year high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its 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. The business had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Costco Wholesale's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.78 earnings per share. Sell-side analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

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

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the transaction, the executive vice president now owns 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,000 shares of company stock worth $10,825,205. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COST. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Evercore ISI upped their target price on Costco Wholesale from $1,070.00 to $1,075.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Mizuho began coverage on Costco Wholesale in a research report on Friday, April 11th. They set a "neutral" rating and a $975.00 target price for the company. Barclays upped their target price on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Finally, Truist Financial upped their target price on 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 investment 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.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average price target of $1,035.32.

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.

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