Trilogy Capital Inc. Raises Stake in Costco Wholesale Corporation (NASDAQ:COST)

Key Points

• Trilogy Capital Inc. increased its investment in Costco Wholesale by 34.3%, acquiring an additional 270 shares to reach a total of 1,057 shares worth approximately $1,000,000.
• Costco recently announced a quarterly dividend of $1.30 per share, set to be paid on August 15th, with an annualized yield of 0.56%.
• Brokerages have differing outlooks on Costco's stock, with a consensus price target of $1,037.48 and an average rating of "Moderate Buy" among analysts.

Trilogy Capital Inc. increased its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 34.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,057 shares of the retailer's stock after buying an additional 270 shares during the quarter. Trilogy Capital Inc.'s holdings in Costco Wholesale were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $25,000. Aspect Partners LLC raised its holdings in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after purchasing an additional 11 shares in the last quarter. Capital A Wealth Management LLC bought a new stake in Costco Wholesale during the fourth quarter worth approximately $58,000. Mascagni Wealth Management Inc. bought a new stake in Costco Wholesale during the fourth quarter worth approximately $59,000. Finally, Bank & Trust Co grew 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 buying an additional 11 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 0.2%

COST traded up $1.68 during trading on Friday, reaching $935.48. The company had a trading volume of 1,825,525 shares, compared to its average volume of 1,969,335. The stock has a market cap of $414.87 billion, a P/E ratio of 53.06, a PEG ratio of 5.82 and a beta of 0.97. The business has a 50 day simple moving average of $992.04 and a 200-day simple moving average of $983.84. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.23. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same period last year, the company earned $3.78 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS 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. The ex-dividend date of this dividend is Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.56%. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on COST shares. Mizuho started coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They set a "neutral" rating and a $975.00 target price for the company. Loop Capital reduced their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research report on Thursday, May 29th. Finally, Morgan Stanley upped 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 research report on Friday, May 30th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,037.48.

Insider Buying and Selling

In other news, Director Susan L. Decker sold 547 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the transaction, the director owned 11,531 shares in the company, valued at $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $2,028,300.00. Following the completion of the transaction, the executive vice president directly owned 8,210 shares of the company's stock, valued at $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. 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.

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.