Atlas Legacy Advisors LLC Has $1.17 Million Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Atlas Legacy Advisors LLC cut its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 7.2% in the first quarter, HoldingsChannel reports. The fund owned 1,233 shares of the retailer’s stock after selling 96 shares during the quarter. Atlas Legacy Advisors LLC’s holdings in Costco Wholesale were worth $1,166,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Facet Wealth Inc. boosted its position in Costco Wholesale by 2.1% during the 1st quarter. Facet Wealth Inc. now owns 635 shares of the retailer’s stock worth $645,000 after acquiring an additional 13 shares during the period. Woodard & Co. Asset Management Group Inc. ADV boosted its position in Costco Wholesale by 2.1% during the 1st quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,268 shares of the retailer’s stock worth $2,145,000 after acquiring an additional 47 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in Costco Wholesale by 2.0% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 5,153 shares of the retailer’s stock worth $4,873,000 after acquiring an additional 100 shares during the period. Brio Consultants LLC acquired a new stake in Costco Wholesale during the 1st quarter worth about $740,000. Finally, Carrera Capital Advisors boosted its position in Costco Wholesale by 20.9% during the 1st quarter. Carrera Capital Advisors now owns 989 shares of the retailer’s stock worth $936,000 after acquiring an additional 171 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $935.48 on Monday. The business’s fifty day moving average price is $992.04 and its two-hundred day moving average price is $984.23. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.23. The stock has a market capitalization of $414.87 billion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 5.82 and a beta of 0.97. 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 (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating 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 firm had revenue of $63.21 billion for the quarter, compared to analysts’ expectations of $62.93 billion. During the same period in the prior year, the business posted $3.78 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is 29.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COST. Mizuho began coverage on Costco Wholesale in a research report on Friday, April 11th. They set a “neutral” rating and a $975.00 price objective for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, July 10th. Cfra Research upgraded Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Truist Financial lifted their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Finally, Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a report on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,037.48.

Insider Buying and Selling

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the business’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 transaction, the executive vice president owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the transaction, the executive vice president directly owned 8,210 shares in the company, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,547 shares of company stock valued at $9,472,510. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Company 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.