Savvy Advisors Inc. Raises Position in Costco Wholesale Corporation (NASDAQ:COST)

Savvy Advisors Inc. raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 19.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,100 shares of the retailer's stock after purchasing an additional 656 shares during the period. Savvy Advisors Inc.'s holdings in Costco Wholesale were worth $3,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $25,000. Aspect Partners LLC raised its holdings in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after acquiring an additional 11 shares in the last quarter. Capital A Wealth Management LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $58,000. Mascagni Wealth Management Inc. purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $59,000. Finally, Bank & Trust Co increased its position in Costco Wholesale by 20.4% in the first quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Insider Buying and Selling

In related news, Director Susan L. Decker sold 547 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the transaction, the director owned 11,531 shares in the company, valued at $11,300,380. The trade was a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 8,210 shares in the company, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock worth $9,472,510 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COST has been the subject of several research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. Mizuho began coverage on Costco Wholesale in a research note on Friday, April 11th. They set a "neutral" rating and a $975.00 price objective on the stock. Evercore ISI decreased their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an "overweight" rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,040.81.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $977.45 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average price is $979.28 and its 200-day moving average price is $984.62. The firm has a market cap of $433.48 billion, a P/E ratio of 55.44, a P/E/G ratio of 6.02 and a beta of 0.96. Costco Wholesale Corporation has a 12 month low of $820.45 and a 12 month high of $1,078.23.

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

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 1st. Costco Wholesale's payout ratio is 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.

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