Consolidated Portfolio Review Corp Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Consolidated Portfolio Review Corp lowered its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 64.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 632 shares of the retailer’s stock after selling 1,158 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Costco Wholesale were worth $463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richelieu Gestion SA purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at $25,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at $26,000. Morton Brown Family Wealth LLC grew its stake in Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Costco Wholesale during the 4th quarter worth $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In other news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock traded up $23.01 during mid-day trading on Friday, hitting $885.67. 2,620,714 shares of the company were exchanged, compared to its average volume of 1,559,025. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The business’s 50 day simple moving average is $816.01 and its two-hundred day simple moving average is $746.64. The company has a market capitalization of $392.64 billion, a P/E ratio of 54.87, a PEG ratio of 5.70 and a beta of 0.78. Costco Wholesale Co. has a 12-month low of $524.63 and a 12-month high of $886.94.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.43 earnings per share. Analysts forecast that Costco Wholesale Co. will post 15.98 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 10th. Stockholders of record on Friday, April 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is currently 28.75%.

Wall Street Analysts Forecast Growth

COST has been the subject of several analyst reports. DA Davidson reissued a “neutral” rating and set a $680.00 target price on shares of Costco Wholesale in a research note on Thursday, April 11th. Evercore ISI upped their price objective on Costco Wholesale from $860.00 to $890.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Stifel Nicolaus increased their target price on Costco Wholesale from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday. Loop Capital increased their target price on Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Finally, Tigress Financial increased their target price on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $758.70.

Check Out Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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