TBH Global Asset Management LLC Acquires 488 Shares of Costco Wholesale Corporation (NASDAQ:COST)

TBH Global Asset Management LLC grew its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 9.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,758 shares of the retailer's stock after acquiring an additional 488 shares during the period. Costco Wholesale comprises 0.5% of TBH Global Asset Management LLC's investment portfolio, making the stock its 19th biggest holding. TBH Global Asset Management LLC's holdings in Costco Wholesale were worth $5,445,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in COST. May Barnhard Investments LLC purchased a new stake in Costco Wholesale during the fourth quarter worth about $485,000. Brighton Jones LLC grew its stake in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock worth $18,165,000 after acquiring an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock worth $1,029,000 after purchasing an additional 130 shares during the period. SOA Wealth Advisors LLC. boosted its stake in shares of Costco Wholesale by 33.3% in the 4th quarter. SOA Wealth Advisors LLC. now owns 188 shares of the retailer's stock valued at $172,000 after buying an additional 47 shares during the period. Finally, Bank Pictet & Cie Europe AG grew its position in shares of Costco Wholesale by 45.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock worth $107,436,000 after buying an additional 36,384 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP James C. Klauer sold 4,000 shares of Costco Wholesale stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the transaction, the executive vice president directly owned 43,994 shares of the company's stock, valued at $43,161,193.58. The trade was a 8.33% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 58,543 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders have sold 9,547 shares of company stock worth $9,496,950. Company insiders own 0.18% of the company's stock.

Costco Wholesale Stock Performance

Shares of COST traded down $2.49 during trading hours on Wednesday, reaching $983.48. 773,365 shares of the company traded hands, compared to its average volume of 2,069,221. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The stock's fifty day moving average is $1,004.67 and its 200 day moving average is $981.09. 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 cap of $436.15 billion, a P/E ratio of 55.80, a price-to-earnings-growth ratio of 5.85 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.78 EPS. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a $1.30 dividend. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. This represents a $5.20 annualized dividend and a dividend yield of 0.53%. Costco Wholesale's dividend payout ratio is presently 29.50%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on COST shares. Morgan Stanley raised their target price 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. Sanford C. Bernstein reissued an "outperform" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Truist Financial lifted their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a report on Thursday, May 29th. Finally, Robert W. Baird lifted their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and a consensus target price of $1,034.79.

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.