Integris Wealth Management LLC Lowers Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Integris Wealth Management LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 586 shares of the retailer’s stock after selling 77 shares during the quarter. Integris Wealth Management LLC’s holdings in Costco Wholesale were worth $554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Investment Management Corp VA ADV purchased a new position in shares of Costco Wholesale during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth $31,000. NewSquare Capital LLC boosted its position in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares during the period. Clear Investment Research LLC grew its stake in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after buying an additional 10 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $1,001.92 on Wednesday. The stock has a market cap of $444.33 billion, a price-to-earnings ratio of 56.83, a PEG ratio of 5.93 and a beta of 1.00. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week 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 business has a 50 day moving average price of $1,003.94 and a 200 day moving average price of $981.25.

Costco Wholesale (NASDAQ:COST) last posted 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. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business had revenue of $63.21 billion for the quarter, compared to analysts’ expectations of $62.93 billion. During the same quarter in the previous year, the firm earned $3.78 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COST. Loop Capital lowered their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a report on Thursday, May 29th. Robert W. Baird raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Truist Financial upped their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Evercore ISI reduced their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a report on Tuesday, June 17th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,034.79.

Insider Buying and Selling at Costco Wholesale

In other news, EVP James C. Klauer sold 4,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the transaction, the executive vice president now directly owns 43,994 shares of the company’s stock, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were 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 of the company’s stock, valued at approximately $10,495,211.65. This trade represents a 8.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,647 shares of company stock valued at $10,530,961 in the last ninety days. 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.