Costco Wholesale Corporation (NASDAQ:COST) Shares Purchased by Elyxium Wealth LLC

Elyxium Wealth LLC increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 53.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,379 shares of the retailer’s stock after acquiring an additional 1,527 shares during the period. Costco Wholesale comprises 1.8% of Elyxium Wealth LLC’s holdings, making the stock its 13th largest position. Elyxium Wealth LLC’s holdings in Costco Wholesale were worth $4,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Brighton Jones LLC boosted its stake 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 acquiring an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in Costco Wholesale by 45.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer’s stock worth $107,436,000 after buying an additional 36,384 shares in the last quarter. Highview Capital Management LLC DE lifted its position in Costco Wholesale by 0.8% during the fourth quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock worth $4,410,000 after buying an additional 40 shares in the last quarter. Finally, Hudson Value Partners LLC lifted its position in Costco Wholesale by 5.7% during the fourth quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer’s stock worth $7,789,000 after buying an additional 455 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST stock opened at $950.95 on Friday. The company has a market cap of $421.73 billion, a price-to-earnings ratio of 53.94, a price-to-earnings-growth ratio of 5.91 and a beta of 0.97. The stock has a 50 day simple moving average of $998.91 and a 200-day simple moving average of $983.13. Costco Wholesale Corporation has a 12-month low of $793.00 and a 12-month high of $1,078.24. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. The business 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 revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.78 EPS. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Loop Capital reduced their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Cfra Research upgraded Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a report on Thursday, May 29th. Mizuho started coverage on Costco Wholesale in a report on Friday, April 11th. They issued a “neutral” rating and a $975.00 price objective on the stock. Finally, Truist Financial boosted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,037.48.

Insider Buying and Selling

In other news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the sale, the executive vice president owned 8,210 shares in the company, valued at $8,326,171.50. This trade represents a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Patrick J. Callans sold 3,000 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the sale, the executive vice president owned 58,543 shares in the company, valued at $58,705,164.11. This trade represents a 4.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,547 shares of company stock worth $9,472,510 in the last 90 days. Corporate 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.