Perfromance Wealth Partners LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,344 shares of the retailer's stock after buying an additional 1,531 shares during the quarter. Costco Wholesale makes up 2.4% of Perfromance Wealth Partners LLC's portfolio, making the stock its 9th largest position. Perfromance Wealth Partners LLC's holdings in Costco Wholesale were worth $66,530,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Capital & Planning LLC increased its holdings in Costco Wholesale by 28.7% during the fourth quarter. Capital & Planning LLC now owns 3,756 shares of the retailer's stock worth $3,441,000 after buying an additional 837 shares during the last quarter. Redmond Asset Management LLC bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $1,214,000. May Barnhard Investments LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $485,000. Ironwood Wealth Management LLC. raised its holdings in shares of Costco Wholesale by 0.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer's stock valued at $3,529,000 after purchasing an additional 22 shares during the period. Finally, Brighton Jones LLC lifted its stake in 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 purchasing an additional 2,172 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Price Performance
Shares of NASDAQ:COST opened at $980.29 on Friday. The firm has a 50 day moving average of $1,002.94 and a 200-day moving average of $981.10. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.24. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $434.74 billion, a PE ratio of 55.60, a PEG ratio of 5.76 and a beta of 1.00.
Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating the consensus estimate of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.78 earnings per share. On average, equities research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.
Costco Wholesale Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $1.30 per share. 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 was Friday, May 2nd. Costco Wholesale's dividend payout ratio is currently 29.50%.
Insider Activity at Costco Wholesale
In other news, EVP James C. Klauer sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $981.07, for a total value of $3,924,280.00. Following the sale, the executive vice president now directly owns 43,994 shares in the company, valued at approximately $43,161,193.58. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the transaction, the director now owns 11,531 shares of the company's stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,547 shares of company stock valued at $11,361,265 over the last ninety days. 0.18% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on COST shares. Mizuho initiated coverage on Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective on the stock. Robert W. Baird increased their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Cfra Research upgraded shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of 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. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of "Moderate Buy" and a consensus target price of $1,034.79.
Check Out Our Latest Research Report on COST
About Costco Wholesale
(
Free Report)
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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