Yukon Wealth Management Inc. Makes New Investment in Costco Wholesale Corporation (NASDAQ:COST)

Yukon Wealth Management Inc. bought a new position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,480 shares of the retailer's stock, valued at approximately $2,346,000. Costco Wholesale makes up about 1.0% of Yukon Wealth Management Inc.'s portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale during the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth $31,000. NewSquare Capital LLC boosted its holdings in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares in the last quarter. Clear Investment Research LLC boosted its stake in Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after buying an additional 10 shares in the last quarter. Finally, Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale 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 sale, the executive vice president owned 8,210 shares of the company's stock, valued at approximately $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 547 shares of the stock in a transaction dated Wednesday, June 18th. The stock was 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 approximately $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. In the last ninety days, insiders sold 9,547 shares of company stock worth $9,496,950. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock traded up $3.91 during trading hours on Friday, reaching $986.27. The company's stock had a trading volume of 1,101,351 shares, compared to its average volume of 2,076,297. The firm has a 50 day moving average price of $1,005.02 and a 200-day moving average price of $981.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. Costco Wholesale Corporation has a one year low of $793.00 and a one year high of $1,078.24. The stock has a market cap of $437.39 billion, a P/E ratio of 55.94, a P/E/G ratio of 6.11 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.04. The company 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%. Costco Wholesale's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.78 EPS. On average, analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

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

Analysts Set New Price Targets

COST has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Loop Capital lowered their price target on 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. Barclays increased their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Sanford C. Bernstein reissued an "outperform" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research report on Thursday, May 29th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,034.79.

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.