Kiley Juergens Wealth Management LLC Has $31.87 Million Position in Costco Wholesale Corporation (NASDAQ:COST)

Kiley Juergens Wealth Management LLC raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,693 shares of the retailer’s stock after purchasing an additional 486 shares during the quarter. Costco Wholesale accounts for about 8.5% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Kiley Juergens Wealth Management LLC’s holdings in Costco Wholesale were worth $31,867,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in COST. Capital & Planning LLC lifted its holdings in Costco Wholesale by 28.7% during the fourth quarter. Capital & Planning LLC now owns 3,756 shares of the retailer’s stock valued at $3,441,000 after purchasing an additional 837 shares in the last quarter. Redmond Asset Management LLC purchased a new position in shares of Costco Wholesale in the fourth quarter worth $1,214,000. May Barnhard Investments LLC purchased a new position in shares of Costco Wholesale in the fourth quarter worth $485,000. Ironwood Wealth Management LLC. lifted its holdings in shares of Costco Wholesale by 0.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer’s stock worth $3,529,000 after buying an additional 22 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.3%

Shares of COST opened at $974.90 on Thursday. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company has a market cap of $432.35 billion, a P/E ratio of 55.30, a P/E/G ratio of 5.77 and a beta of 1.00. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $1,002.39 and its 200-day simple moving average is $981.12.

Costco Wholesale (NASDAQ:COST) last posted its quarterly 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 for 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 firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.78 EPS. As a group, analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid 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 an increase from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s payout ratio is currently 29.50%.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was 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 in the company, valued at approximately $6,445,926.72. The trade was a 11.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the business’s 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 value of $2,028,300.00. Following the completion of the sale, the executive vice president now owns 8,210 shares of the company’s stock, valued at $8,326,171.50. The trade was a 19.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,000 shares of company stock worth $10,825,205. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Mizuho assumed 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. 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. Robert W. Baird boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Cowen reissued a “buy” rating on shares of Costco Wholesale 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.