Trek Financial LLC Has $2.29 Million Stock Position in Costco Wholesale Corporation (NASDAQ:COST)

Trek Financial LLC reduced its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 19.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,422 shares of the retailer's stock after selling 588 shares during the period. Trek Financial LLC's holdings in Costco Wholesale were worth $2,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of COST. Investment Management Corp VA ADV acquired a new position in Costco Wholesale during the 4th quarter worth approximately $25,000. Clear Investment Research LLC lifted its position in Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after acquiring an additional 10 shares in the last quarter. Aspect Partners LLC lifted its position in 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 acquired a new position in Costco Wholesale during the 4th quarter worth approximately $58,000. Finally, Mascagni Wealth Management Inc. acquired a new position in Costco Wholesale during the 4th quarter worth approximately $59,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the topic of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday. Mizuho initiated coverage on Costco Wholesale in a research report on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price on the stock. Loop Capital cut their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Finally, Truist Financial upped their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,034.79.

Costco Wholesale Stock Up 0.0%

Shares of COST traded up $0.16 during trading hours on Friday, hitting $970.33. 1,939,399 shares of the company were exchanged, compared to its average volume of 2,068,105. 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 company has a market cap of $430.32 billion, a PE ratio of 55.04, a PEG ratio of 6.03 and a beta of 0.97. The firm's 50 day moving average is $1,003.77 and its 200-day moving average is $981.90. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 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, equities research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal 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 0.54%. Costco Wholesale's dividend payout ratio is currently 29.50%.

Insider Buying and Selling

In other news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction dated Friday, June 6th. The stock was 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 of the company's stock, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the transaction, the executive vice president directly owned 58,543 shares in the company, valued at approximately $58,705,164.11. This represents a 4.87% 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.