Tabor Asset Management LP Takes $1.18 Million Position in Costco Wholesale Corporation (NASDAQ:COST)

Tabor Asset Management LP acquired a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,242 shares of the retailer's stock, valued at approximately $1,175,000.

Several other large investors also recently modified their holdings of COST. Personal CFO Solutions LLC raised its holdings in shares of Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after purchasing an additional 167 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Costco Wholesale by 2.7% in 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 in the last quarter. F&V Capital Management LLC bought a new stake in Costco Wholesale during the first quarter valued at about $236,000. Graybill Wealth Management LTD. bought a new position in shares of Costco Wholesale in the first quarter worth approximately $3,095,000. Finally, Curat Global LLC purchased a new stake in Costco Wholesale in the 1st quarter worth $241,000. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a report on Thursday, May 29th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, July 10th. Evercore ISI decreased their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research note on Tuesday, June 17th. Truist Financial raised their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Finally, Morgan Stanley lifted their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average target price of $1,037.48.

Insider Buying and Selling

In other news, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the sale, the executive vice president directly owned 58,543 shares in the company, valued at $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Pierre Riel sold 2,000 shares of the 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 value of $2,028,300.00. Following the transaction, the executive vice president owned 8,210 shares in the company, valued at $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 a total of 9,547 shares of company stock valued at $9,472,510 in the last ninety days. Insiders own 0.18% of the company's stock.

Costco Wholesale Stock Down 0.4%

Shares of COST traded down $3.39 during midday trading on Monday, hitting $947.56. 1,741,015 shares of the company's stock traded hands, compared to its average volume of 2,066,154. Costco Wholesale Corporation has a 1 year low of $793.00 and a 1 year high of $1,078.24. The stock has a market capitalization of $420.22 billion, a price-to-earnings ratio of 53.75, a price-to-earnings-growth ratio of 5.91 and a beta of 0.97. 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 firm's fifty day moving average is $998.91 and its 200-day moving average is $983.64.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.24 by $0.04. The firm had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.78 earnings per share. As a group, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) 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.