Retirement Solution LLC Has $908,000 Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Retirement Solution LLC lifted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 43.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 960 shares of the retailer's stock after buying an additional 291 shares during the quarter. Costco Wholesale comprises approximately 0.2% of Retirement Solution LLC's investment portfolio, making the stock its 19th biggest holding. Retirement Solution LLC's holdings in Costco Wholesale were worth $908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of COST. GAMMA Investing LLC grew its position in shares of Costco Wholesale by 106,402.1% during the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock worth $7,717,744,000 after buying an additional 8,152,528 shares during the period. Norges Bank bought a new position in Costco Wholesale during the 4th quarter worth approximately $5,182,316,000. Proficio Capital Partners LLC grew its holdings in Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer's stock valued at $1,394,465,000 after purchasing an additional 1,519,861 shares during the period. Leigh Baldwin & CO. LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $95,452,000. Finally, Northern Trust Corp raised its holdings in Costco Wholesale by 12.6% in the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock worth $4,817,573,000 after purchasing an additional 587,303 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

Shares of COST traded down $2.82 during trading hours on Wednesday, hitting $974.90. The company had a trading volume of 1,503,153 shares, compared to its average volume of 2,064,230. The business has a fifty day moving average of $1,002.19 and a 200-day moving average of $981.16. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The firm has a market cap of $432.35 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 5.81 and a beta of 1.00. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued 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. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same period last year, the business posted $3.78 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on COST shares. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Sanford C. Bernstein restated an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Loop Capital cut their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Evercore ISI lowered their target price on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Mizuho assumed coverage on shares of Costco Wholesale in a report on Friday, April 11th. They set a "neutral" rating and a $975.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,034.79.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the sale, the executive vice president now directly owns 8,210 shares in the company, valued at approximately $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the transaction, the executive vice president now directly owns 11,165 shares of the company's stock, valued at $10,495,211.65. This represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock valued at $10,825,205 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale 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.