Pure Financial Advisors LLC increased its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 25.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,025 shares of the retailer's stock after acquiring an additional 1,625 shares during the period. Pure Financial Advisors LLC's holdings in Costco Wholesale were worth $7,589,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. May Barnhard Investments LLC bought a new stake in Costco Wholesale during the fourth quarter valued at about $485,000. Brighton Jones LLC lifted its position in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock valued at $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock valued at $1,029,000 after buying an additional 130 shares in the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of Costco Wholesale by 33.3% during the 4th quarter. SOA Wealth Advisors LLC. now owns 188 shares of the retailer's stock valued at $172,000 after acquiring an additional 47 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its holdings in Costco Wholesale by 45.0% in 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 in the last quarter. Institutional investors own 68.48% of the company's stock.
Insider Activity
In related news, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the transaction, the executive vice president directly owned 43,994 shares in the company, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their position. The sale 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 firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director directly owned 11,531 shares of the company's stock, valued at approximately $11,300,380. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,547 shares of company stock valued at $9,496,950 in the last quarter. 0.18% of the stock is currently owned by company insiders.
Costco Wholesale Trading Up 0.5%
Shares of Costco Wholesale stock traded up $4.80 on Monday, reaching $989.94. The company had a trading volume of 2,125,819 shares, compared to its average volume of 2,073,390. The firm has a market cap of $439.02 billion, a price-to-earnings ratio of 56.15, a P/E/G ratio of 5.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm's 50-day moving average price is $1,004.54 and its two-hundred day moving average price is $981.06. Costco Wholesale Corporation 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 issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. The company had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. Costco Wholesale's revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $3.78 earnings per share. As a group, research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.
Costco Wholesale Increases Dividend
The company 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 represents a $5.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, May 2nd. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. Cfra Research upgraded shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Truist Financial increased their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Finally, Mizuho began coverage on Costco Wholesale in a research report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,034.79.
Check Out Our Latest 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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