Vision Capital Management Inc. Has $9.48 Million Stock Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Vision Capital Management Inc. lifted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 12.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,021 shares of the retailer's stock after buying an additional 1,104 shares during the period. Costco Wholesale comprises 1.4% of Vision Capital Management Inc.'s holdings, making the stock its 18th largest position. Vision Capital Management Inc.'s holdings in Costco Wholesale were worth $9,478,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Costco Wholesale by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock valued at $38,668,069,000 after purchasing an additional 455,043 shares during the last quarter. Geode Capital Management LLC lifted its stake in Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after purchasing an additional 252,118 shares during the last quarter. FMR LLC lifted its stake in Costco Wholesale by 1.6% in the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer's stock valued at $8,665,921,000 after purchasing an additional 149,209 shares during the last quarter. GAMMA Investing LLC lifted its stake in Costco Wholesale by 106,402.1% in the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock valued at $7,717,744,000 after purchasing an additional 8,152,528 shares during the last quarter. Finally, Norges Bank acquired a new stake in Costco Wholesale in the 4th quarter valued at about $5,182,316,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of NASDAQ COST traded up $0.16 during midday trading on Friday, reaching $970.33. 1,939,399 shares of the company were exchanged, compared to its average volume of 2,063,204. The stock's 50-day moving average price is $1,003.77 and its 200-day moving average price is $982.24. The stock has a market cap of $430.32 billion, a P/E ratio of 55.04, a PEG ratio of 6.03 and a beta of 0.97. Costco Wholesale Corporation has a one year low of $793.00 and a one year high of $1,078.24. 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 issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. During the same quarter in the previous year, the business earned $3.78 earnings per share. Costco Wholesale's revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were paid a $1.30 dividend. This is a boost 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 annualized dividend and a dividend yield of 0.54%. Costco Wholesale's payout ratio is currently 29.50%.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 58,543 shares of the company's stock, valued at $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the business's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the sale, the executive vice president directly owned 43,994 shares in the company, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,547 shares of company stock worth $9,496,950. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Loop Capital cut 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 report on Thursday, May 29th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday. Mizuho began coverage on shares of Costco Wholesale in a research report on Friday, April 11th. They set a "neutral" rating and a $975.00 price objective for the company. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Truist Financial raised their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,037.48.

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.