Mogy Joel R Investment Counsel Inc. Has $93.77 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Mogy Joel R Investment Counsel Inc. lowered its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,145 shares of the retailer's stock after selling 2,049 shares during the quarter. Costco Wholesale comprises 6.0% of Mogy Joel R Investment Counsel Inc.'s portfolio, making the stock its 4th biggest holding. Mogy Joel R Investment Counsel Inc.'s holdings in Costco Wholesale were worth $93,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale in the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $31,000. NewSquare Capital LLC raised its stake in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after buying an additional 25 shares during the period. Collier Financial bought a new position in shares of Costco Wholesale in the fourth quarter worth about $35,000. Finally, Clear Investment Research LLC raised its stake in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after buying an additional 10 shares during the period. Institutional investors own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 24th. The stock was 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 approximately $6,445,926.72. The trade was a 11.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly 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. In the last 90 days, insiders sold 11,000 shares of company stock worth $10,825,205. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Down 1.2%

Shares of Costco Wholesale stock traded down $12.50 on Friday, reaching $990.21. The company had a trading volume of 1,782,964 shares, compared to its average volume of 2,067,253. The firm has a market cap of $439.14 billion, a price-to-earnings ratio of 58.15, a P/E/G ratio of 6.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm's 50-day moving average price is $1,000.43 and its two-hundred day moving average price is $981.10. Costco Wholesale Co. has a 1 year low of $793.00 and a 1 year high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. The firm had revenue of $63.21 billion during 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%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.78 EPS. As a group, research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Robert W. Baird increased their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Tuesday, June 3rd. Truist Financial increased 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. Finally, Evercore ISI increased 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. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,035.32.

Costco Wholesale Company 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.