Kohmann Bosshard Financial Services LLC Purchases 39 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Kohmann Bosshard Financial Services LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 22.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 214 shares of the retailer’s stock after purchasing an additional 39 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Costco Wholesale were worth $202,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COST. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale in the fourth quarter worth about $25,000. Aspect Partners LLC grew its position in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after buying an additional 11 shares during the period. Capital A Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $58,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $59,000. Finally, Bank & Trust Co grew its position in shares of Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock worth $61,000 after buying an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the transaction, the executive vice president directly owned 8,210 shares in the company, valued at $8,326,171.50. The trade was 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 at this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock valued at $9,472,510 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on COST shares. Evercore ISI lowered their price target on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a research report on Tuesday, June 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, August 4th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a report on Thursday, May 29th. Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,050.00.

Costco Wholesale Stock Performance

NASDAQ COST opened at $980.98 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $977.93 and its two-hundred day moving average price is $985.43. Costco Wholesale Corporation has a 1 year low of $837.63 and a 1 year high of $1,078.23. The firm has a market capitalization of $435.05 billion, a P/E ratio of 55.64, a price-to-earnings-growth ratio of 6.10 and a beta of 0.96.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $62.93 billion. During the same period in the prior year, the firm posted $3.78 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, August 1st. Costco Wholesale’s payout ratio is currently 29.50%.

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.