TFR Capital LLC. Acquires 695 Shares of Costco Wholesale Corporation (NASDAQ:COST)

TFR Capital LLC. lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,814 shares of the retailer's stock after purchasing an additional 695 shares during the quarter. Costco Wholesale accounts for approximately 2.3% of TFR Capital LLC.'s holdings, making the stock its 9th largest position. TFR Capital LLC.'s holdings in Costco Wholesale were worth $5,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Management Corp VA ADV purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $25,000. Clear Investment Research LLC lifted its holdings in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after purchasing an additional 10 shares during the last quarter. Aspect Partners LLC lifted its holdings in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after purchasing an additional 11 shares during the last quarter. Capital A Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $58,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $59,000. Institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

COST has been the subject of several analyst reports. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Truist Financial increased their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. 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 research note on Tuesday, June 17th. Morgan Stanley increased their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, Mizuho assumed coverage on Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective for the company. Nine investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,037.48.

Costco Wholesale Stock Up 0.4%

Shares of NASDAQ COST traded up $3.89 during mid-day trading on Monday, reaching $974.22. 604,330 shares of the company traded hands, compared to its average volume of 2,057,501. 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 has a market cap of $432.04 billion, a PE ratio of 55.26, a price-to-earnings-growth ratio of 6.03 and a beta of 0.97. The company's fifty day moving average is $1,003.77 and its two-hundred day moving average is $982.24. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.24.

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

Costco Wholesale Increases Dividend

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

Insider Buying and Selling

In other news, EVP Patrick J. Callans sold 3,000 shares of the 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 transaction, the executive vice president owned 58,543 shares of the company's stock, valued at approximately $58,705,164.11. This represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction dated 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 directly owned 8,210 shares in the company, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,547 shares of company stock worth $9,496,950. 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.