Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Mission Wealth Management LP

Mission Wealth Management LP boosted its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,074 shares of the retailer's stock after purchasing an additional 576 shares during the period. Mission Wealth Management LP's holdings in Costco Wholesale were worth $13,311,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital & Planning LLC raised its position in shares of Costco Wholesale by 28.7% during the 4th quarter. Capital & Planning LLC now owns 3,756 shares of the retailer's stock valued at $3,441,000 after purchasing an additional 837 shares during the period. Redmond Asset Management LLC bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $1,214,000. May Barnhard Investments LLC purchased a new position in shares of Costco Wholesale in the fourth quarter worth $485,000. Ironwood Wealth Management LLC. boosted its position in shares of Costco Wholesale by 0.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer's stock worth $3,529,000 after acquiring an additional 22 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Costco Wholesale by 12.3% during the fourth 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 last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the sale, the executive vice president now owns 43,994 shares of the company's stock, valued at approximately $43,161,193.58. This trade represents a 8.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock worth $10,825,205 over the last three months. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COST. Robert W. Baird lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Barclays lifted their target price on Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research note on Thursday, May 29th. JPMorgan Chase & Co. lifted their price objective on 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. Finally, Truist Financial upped their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Nine 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,035.32.

Costco Wholesale Trading Down 0.6%

Costco Wholesale stock traded down $5.85 during trading hours on Monday, hitting $984.36. The company had a trading volume of 2,103,625 shares, compared to its average volume of 2,067,403. The firm has a market cap of $436.54 billion, a P/E ratio of 57.80, a P/E/G ratio of 6.15 and a beta of 1.00. The company has a 50-day moving average price of $1,000.43 and a two-hundred day moving average price of $981.10. Costco Wholesale Co. has a 1 year low of $793.00 and a 1 year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.04. The company had revenue of $63.21 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.78 earnings per share. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors 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 of this dividend was Friday, May 2nd. Costco Wholesale's payout ratio is presently 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.