GFS Advisors LLC Acquires 321 Shares of Costco Wholesale Corporation (NASDAQ:COST)

GFS Advisors LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 51.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 941 shares of the retailer’s stock after acquiring an additional 321 shares during the quarter. GFS Advisors LLC’s holdings in Costco Wholesale were worth $890,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cromwell Holdings LLC raised its position in Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after purchasing an additional 10 shares during the period. 44 Wealth Management LLC grew its stake in shares of Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after buying an additional 10 shares during the last quarter. SRN Advisors LLC increased its holdings in shares of Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after buying an additional 10 shares during the period. Miramar Capital LLC lifted its stake in shares of Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after acquiring an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC boosted its holdings in Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 11,165 shares in the company, valued at approximately $10,495,211.65. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,000 shares of company stock valued at $10,825,205. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Loop Capital cut their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Robert W. Baird increased 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 research report on Friday, March 7th. Finally, Barclays raised their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,034.79.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $974.90 on Friday. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $432.35 billion, a P/E ratio of 55.30, a PEG ratio of 5.76 and a beta of 1.00. The stock’s 50 day moving average is $1,002.60 and its 200 day moving average is $981.11.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. The firm had revenue of $63.21 billion for the quarter, compared to analysts’ expectations of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.78 earnings per share. On average, equities research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.50%.

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.