Brady Family Wealth LLC Sells 76 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Brady Family Wealth LLC reduced its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.6% during the first quarter, HoldingsChannel.com reports. The fund owned 4,552 shares of the retailer’s stock after selling 76 shares during the quarter. Costco Wholesale comprises approximately 1.4% of Brady Family Wealth LLC’s holdings, making the stock its 29th biggest position. Brady Family Wealth LLC’s holdings in Costco Wholesale were worth $4,305,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital & Planning LLC increased its holdings in shares of Costco Wholesale by 28.7% in the 4th quarter. Capital & Planning LLC now owns 3,756 shares of the retailer’s stock worth $3,441,000 after buying an additional 837 shares during the last quarter. Redmond Asset Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $1,214,000. May Barnhard Investments LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $485,000. Ironwood Wealth Management LLC. increased its holdings in shares of Costco Wholesale by 0.6% in the 4th 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 during the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of Costco Wholesale by 12.3% in the 4th 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 during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $980.29 on Friday. The stock has a market cap of $434.74 billion, a price-to-earnings ratio of 55.60, a price-to-earnings-growth ratio of 5.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. Costco Wholesale Corporation 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 $1,002.94 and a two-hundred day moving average of $981.10.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm had revenue of $63.21 billion during the quarter, compared to analysts’ expectations of $62.93 billion. During the same quarter in the prior year, the company earned $3.78 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts forecast that Costco Wholesale Corporation 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 0.53%. The ex-dividend date of this dividend 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 Ratings Changes

A number of research firms have recently weighed in on COST. Loop Capital reduced 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. Morgan Stanley lifted their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Robert W. Baird lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, Cfra Research raised shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research note on Friday, April 4th. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,034.79.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 547 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the sale, the director now owns 11,531 shares of the company’s stock, valued at approximately $11,300,380. This represents a 4.53% 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 Claudine Adamo sold 900 shares of the company’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 transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at $6,445,926.72. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,547 shares of company stock valued at $11,361,265. Company insiders own 0.18% of the company’s stock.

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.