Savoir Faire Capital Management L.P. Purchases Shares of 2,395 Costco Wholesale Corporation (NASDAQ:COST)

Savoir Faire Capital Management L.P. purchased a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,395 shares of the retailer's stock, valued at approximately $2,265,000. Costco Wholesale comprises 2.0% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale in the fourth quarter worth $25,000. Clear Investment Research LLC lifted its stake in Costco Wholesale by 22.2% in the fourth 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. Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after acquiring an additional 11 shares during the period. Capital A Wealth Management LLC purchased a new stake in Costco Wholesale in the fourth quarter worth $58,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in Costco Wholesale in the fourth quarter worth $59,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

Shares of COST stock traded down $2.96 during trading hours on Friday, reaching $950.95. 2,110,863 shares of the company traded hands, compared to its average volume of 2,067,454. The firm has a 50-day moving average price of $998.91 and a 200 day moving average price of $982.67. 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 12-month low of $793.00 and a 12-month high of $1,078.24. The company has a market cap of $421.73 billion, a P/E ratio of 53.94, a P/E/G ratio of 5.91 and a beta of 0.97.

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. The business had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.78 EPS. As a group, sell-side analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.55%. Costco Wholesale's dividend payout ratio is presently 29.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on COST shares. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research report on Thursday, May 29th. Morgan Stanley lifted their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Evercore ISI reduced their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a report on Tuesday, June 17th. Finally, Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,037.48.

Insider Activity

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the transaction, the director owned 11,531 shares of the company's stock, valued at $11,300,380. This represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. This trade represents a 40.92% 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 $9,472,510 in the last quarter. 0.18% of the stock is currently owned by company 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.