Viawealth LLC Sells 22 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Viawealth LLC decreased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 411 shares of the retailer’s stock after selling 22 shares during the quarter. Viawealth LLC’s holdings in Costco Wholesale were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COST. Peninsula Wealth LLC boosted its holdings in shares of Costco Wholesale by 1.2% during the 4th quarter. Peninsula Wealth LLC now owns 818 shares of the retailer’s stock valued at $749,000 after purchasing an additional 10 shares during the last quarter. Bosun Asset Management LLC boosted its stake in Costco Wholesale by 1.6% during the fourth quarter. Bosun Asset Management LLC now owns 636 shares of the retailer’s stock valued at $583,000 after buying an additional 10 shares during the last quarter. Corps Capital Advisors LLC boosted its stake in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after buying an additional 10 shares during the last quarter. NFP Retirement Inc. boosted its position in shares of Costco Wholesale by 1.1% during the 4th quarter. NFP Retirement Inc. now owns 980 shares of the retailer’s stock valued at $898,000 after acquiring an additional 11 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in shares of Costco Wholesale by 0.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 3,437 shares of the retailer’s stock valued at $3,163,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.2%

NASDAQ:COST opened at $933.99 on Tuesday. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.23. The company has a market cap of $414.21 billion, a price-to-earnings ratio of 52.98, a price-to-earnings-growth ratio of 5.82 and a beta of 0.97. The stock has a fifty day simple moving average of $990.03 and a 200-day simple moving average of $984.21. 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 announced its quarterly earnings data 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 net margin of 2.92% and a return on equity of 30.48%. The company had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same quarter last year, the business posted $3.78 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 29.50%.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Morgan Stanley increased their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Mizuho assumed coverage on shares of Costco Wholesale in a research report on Friday, April 11th. They set a “neutral” rating and a $975.00 price objective for the company. Loop Capital lowered their price target on shares of 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. Cfra Research raised shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Finally, Truist Financial increased their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,037.48.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director directly owned 11,531 shares of the company’s stock, valued at $11,300,380. The trade was a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Patrick J. Callans sold 3,000 shares of Costco Wholesale stock in a transaction on Monday, June 9th. The shares were 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 directly owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,547 shares of company stock worth $9,472,510. 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.