Costco Wholesale Corporation $COST Shares Purchased by Silvant Capital Management LLC

Silvant Capital Management LLC raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,929 shares of the retailer’s stock after purchasing an additional 173 shares during the quarter. Costco Wholesale comprises approximately 0.6% of Silvant Capital Management LLC’s portfolio, making the stock its 26th largest holding. Silvant Capital Management LLC’s holdings in Costco Wholesale were worth $14,120,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of COST. GAMMA Investing LLC increased its stake in Costco Wholesale by 106,402.1% in the first quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock valued at $7,717,744,000 after purchasing an additional 8,152,528 shares during the period. Nuveen LLC purchased a new stake in shares of Costco Wholesale in the first quarter valued at about $3,461,159,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $95,452,000. Vanguard Group Inc. boosted its holdings in shares of Costco Wholesale by 1.0% in the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after acquiring an additional 443,101 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Costco Wholesale by 84.0% during the first quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock worth $768,114,000 after buying an additional 370,806 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Susan L. Decker sold 547 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the transaction, the director owned 11,531 shares of the company’s stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,147 shares of company stock valued at $10,067,740 in the last ninety days. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a report on Thursday, May 29th. Loop Capital decreased their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Truist Financial upped 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. Evercore ISI reduced their price target 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, Morgan Stanley upped their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,050.00.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $941.34 on Wednesday. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm has a 50 day simple moving average of $968.27 and a 200-day simple moving average of $983.59. The firm has a market cap of $417.46 billion, a PE ratio of 53.39, a P/E/G ratio of 5.85 and a beta of 0.96.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 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 during the quarter, compared to analyst estimates of $62.93 billion. During the same quarter in the prior year, the business posted $3.78 earnings per share. Costco Wholesale’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is 29.50%.

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.