RVW Wealth LLC Increases Stock Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Key Points

• RVW Wealth LLC significantly increased its stake in Costco Wholesale by 98.9%, acquiring an additional 698 shares and ending the first quarter with a total of 1,404 shares valued at approximately $1.33 million.
• Costco recently declared a quarterly dividend of $1.30, set to be paid on August 15th, indicating an annualized dividend payout of $5.20 and a yield of 0.56%.
• The company's stock has seen mixed ratings from analysts, with a consensus target price of $1,037.48, reflecting a moderate buy recommendation overall among various equity research analysts.

RVW Wealth LLC boosted its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 98.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,404 shares of the retailer's stock after acquiring an additional 698 shares during the quarter. RVW Wealth LLC's holdings in Costco Wholesale were worth $1,328,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 8,152,528 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new position in Costco Wholesale in the 4th quarter valued at $95,452,000. Northern Trust Corp lifted its holdings in Costco Wholesale by 12.6% in the 4th quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock valued at $4,817,573,000 after purchasing an additional 587,303 shares in the last quarter. Capital Research Global Investors lifted its holdings in Costco Wholesale by 79.5% in the 4th quarter. Capital Research Global Investors now owns 775,541 shares of the retailer's stock valued at $710,624,000 after purchasing an additional 343,390 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Costco Wholesale in the 4th quarter valued at $280,046,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on COST shares. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a report on Thursday, May 29th. Loop Capital reduced their price target 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. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, July 10th. Evercore ISI reduced their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Finally, Truist Financial lifted their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and a consensus price target of $1,037.48.

Insider Activity

In related news, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the sale, the executive vice president directly owned 8,210 shares in the company, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the 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 completion of the transaction, the executive vice president owned 58,543 shares in the company, 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. Insiders have sold a total of 9,547 shares of company stock valued at $9,472,510 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Up 1.3%

Shares of Costco Wholesale stock traded up $12.13 on Thursday, reaching $939.64. 2,560,014 shares of the company were exchanged, compared to its average volume of 1,946,133. The stock's 50 day moving average price is $984.46 and its 200-day moving average price is $983.58. 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 $1,078.23. The company has a market cap of $416.71 billion, a P/E ratio of 53.30, a price-to-earnings-growth ratio of 5.77 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $62.93 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, August 1st. Costco Wholesale's dividend payout ratio is presently 29.50%.

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.