Costco Wholesale Corporation (NASDAQ:COST) Shares Acquired by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA grew its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 8.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,309 shares of the retailer's stock after buying an additional 1,498 shares during the period. Roffman Miller Associates Inc. PA's holdings in Costco Wholesale were worth $18,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in COST. Vanguard Group Inc. raised its holdings in shares of Costco Wholesale by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock valued at $38,668,069,000 after purchasing an additional 455,043 shares in the last quarter. Geode Capital Management LLC grew its position in Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock worth $8,901,249,000 after purchasing an additional 252,118 shares during the last quarter. FMR LLC grew its position in Costco Wholesale by 1.6% during the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer's stock worth $8,665,921,000 after purchasing an additional 149,209 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Costco Wholesale by 106,402.1% in the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock valued at $7,717,744,000 after acquiring an additional 8,152,528 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at $5,182,316,000. Institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COST shares. Mizuho started coverage on shares of Costco Wholesale in a report on Friday, April 11th. They set a "neutral" rating and a $975.00 price target on the stock. Truist Financial increased their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Morgan Stanley increased their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday. Nine research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,034.79.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the sale, the executive vice president owned 58,543 shares of the company's stock, valued at approximately $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Decker sold 547 shares of the firm'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 sale, the director directly owned 11,531 shares in the company, 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 worth $9,496,950 in the last ninety days. Company insiders own 0.18% of the company's stock.

Costco Wholesale Stock Down 1.2%

Shares of NASDAQ COST traded down $11.92 during midday trading on Thursday, hitting $970.17. The company's stock had a trading volume of 2,891,060 shares, compared to its average volume of 2,083,057. The business's fifty day simple moving average is $1,005.11 and its two-hundred day simple moving average is $981.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. Costco Wholesale Corporation has a 1 year low of $793.00 and a 1 year high of $1,078.24. The firm has a market capitalization of $430.25 billion, a price-to-earnings ratio of 55.03, a price-to-earnings-growth ratio of 6.13 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.04. The firm had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.78 earnings per share. On average, equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.54%. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.

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.