Curated Wealth Partners LLC Acquires 53 Shares of Costco Wholesale Co. (NASDAQ:COST)

Curated Wealth Partners LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 505 shares of the retailer’s stock after buying an additional 53 shares during the quarter. Curated Wealth Partners LLC’s holdings in Costco Wholesale were worth $478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale in the fourth quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale in the fourth quarter worth approximately $31,000. NewSquare Capital LLC boosted its stake in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Collier Financial purchased a new position in shares of Costco Wholesale during the 4th quarter worth $35,000. Finally, Clear Investment Research LLC boosted its stake in shares of Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,007.27 on Wednesday. The stock has a market cap of $446.70 billion, a price-to-earnings ratio of 59.15, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $793.00 and a 1 year high of $1,078.24. The firm has a 50-day moving average of $995.30 and a two-hundred day moving average of $980.29.

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

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, May 2nd. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s dividend payout ratio is presently 29.50%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COST shares. Barclays lifted 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. Robert W. Baird lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. Truist Financial boosted 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Nine equities research 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $1,035.32.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. This represents a 11.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares of the company’s stock, valued at $10,495,211.65. The trade was a 8.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,000 shares of company stock valued at $10,825,205. Company insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.