Sava Infond d.o.o. Has $3.25 Million Stock Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Sava Infond d.o.o. trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,440 shares of the retailer's stock after selling 385 shares during the period. Sava Infond d.o.o.'s holdings in Costco Wholesale were worth $3,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $31,000. NewSquare Capital LLC lifted its position in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares during the period. Clear Investment Research LLC lifted its holdings in shares of Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after acquiring an additional 10 shares during the period. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Loop Capital cut their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Evercore ISI lowered their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 17th. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Finally, Mizuho assumed coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price on the stock. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,034.79.

Costco Wholesale Trading Down 0.4%

NASDAQ COST traded down $3.63 on Thursday, reaching $982.91. The company had a trading volume of 2,260,136 shares, compared to its average volume of 2,067,659. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.24. The stock's 50 day moving average is $1,004.32 and its 200-day moving average is $981.29. 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 stock has a market cap of $435.90 billion, a price-to-earnings ratio of 55.75, a PEG ratio of 5.92 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The company had revenue of $63.21 billion during the quarter, compared to analysts' expectations of $62.93 billion. During the same period in the prior year, the business posted $3.78 EPS. Costco Wholesale's revenue was up 8.0% on a year-over-year basis. Equities analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.53%. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is currently 29.50%.

Insider Activity

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of Costco Wholesale 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 transaction, the executive vice president now owns 43,994 shares of the company's stock, valued at approximately $43,161,193.58. The trade was a 8.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was 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 now owns 58,543 shares in the company, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,547 shares of company stock valued at $9,496,950 in the last quarter. Company insiders own 0.18% of the company's stock.

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.