Wealthfront Advisers LLC Has $56.02 Million Stock Position in Costco Wholesale Corporation (NASDAQ:COST)

Wealthfront Advisers LLC grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,235 shares of the retailer's stock after buying an additional 4,556 shares during the quarter. Wealthfront Advisers LLC's holdings in Costco Wholesale were worth $56,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Personal CFO Solutions LLC raised its holdings in shares of Costco Wholesale by 12.4% in the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock worth $1,436,000 after purchasing an additional 167 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock worth $8,901,249,000 after purchasing an additional 252,118 shares in the last quarter. F&V Capital Management LLC bought a new stake in shares of Costco Wholesale in the 1st quarter worth approximately $236,000. Graybill Wealth Management LTD. bought a new stake in shares of Costco Wholesale in the 1st quarter worth approximately $3,095,000. Finally, Umpqua Bank raised its holdings in shares of Costco Wholesale by 14.7% in the 4th quarter. Umpqua Bank now owns 4,507 shares of the retailer's stock worth $4,134,000 after purchasing an additional 577 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 0.3%

COST stock traded down $3.24 during trading hours on Friday, hitting $950.68. The company's stock had a trading volume of 1,377,811 shares, compared to its average volume of 2,065,418. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $421.61 billion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 5.91 and a beta of 0.97. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.24. The stock has a 50 day moving average price of $1,000.06 and a two-hundred day moving average price of $982.43.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping the consensus estimate of $4.24 by $0.04. The company had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.78 earnings per share. On average, equities research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's dividend payout ratio is 29.50%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president directly owned 5,774 shares of the company's stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 547 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director owned 11,531 shares of the company's stock, valued at $11,300,380. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,547 shares of company stock valued at $9,472,510. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on COST shares. Mizuho started coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price on the stock. Cfra Research upgraded shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Evercore ISI cut their price target on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Truist Financial boosted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, July 10th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and a consensus price target of $1,037.48.

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.