Ullmann Wealth Partners Group LLC Has $1.93 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Ullmann Wealth Partners Group LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,036 shares of the retailer’s stock after purchasing an additional 26 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Costco Wholesale were worth $1,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of COST. GAMMA Investing LLC grew its stake in shares of 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 period. Norges Bank bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $5,182,316,000. Proficio Capital Partners LLC grew its stake in shares of Costco Wholesale by 74,796.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after purchasing an additional 1,519,861 shares during the period. Leigh Baldwin & CO. LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $95,452,000. Finally, Strategic Financial Concepts LLC grew its stake in shares of Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after purchasing an additional 795,345 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the sale, the executive vice president now owns 43,994 shares of the company’s stock, valued at $43,161,193.58. This trade represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,600 shares of company stock worth $9,140,195. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COST shares. Morgan Stanley upped their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Mizuho began coverage on Costco Wholesale in a research report on Friday, April 11th. They set a “neutral” rating and a $975.00 price target on the stock. Cfra Research upgraded Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Evercore ISI increased their price target on Costco Wholesale from $1,070.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, May 29th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,035.32.

Costco Wholesale Trading Down 3.9%

NASDAQ COST opened at $1,010.81 on Friday. The stock has a 50-day simple moving average of $992.47 and a 200 day simple moving average of $978.72. The company has a market capitalization of $448.48 billion, a PE ratio of 59.35, a P/E/G ratio of 6.15 and a beta of 1.00. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $793.00 and a 12 month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.78 earnings per share. Research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, May 2nd. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s dividend payout ratio is currently 29.50%.

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.