Costco Wholesale Corporation (NASDAQ:COST) Position Trimmed by Nkcfo LLC

Nkcfo LLC trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 52.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100 shares of the retailer’s stock after selling 110 shares during the period. Nkcfo LLC’s holdings in Costco Wholesale were worth $95,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in 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 raised its position in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Costco Wholesale by 45.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer’s stock worth $107,436,000 after purchasing an additional 36,384 shares during the last quarter. Highview Capital Management LLC DE boosted its position in Costco Wholesale by 0.8% during the 4th quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock valued at $4,410,000 after purchasing an additional 40 shares during the period. Finally, Hudson Value Partners LLC boosted its position in Costco Wholesale by 5.7% during the 4th quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer’s stock valued at $7,789,000 after purchasing an additional 455 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 8,210 shares in the company, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,547 shares of company stock worth $9,472,510. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cfra Research raised Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, July 10th. Morgan Stanley lifted their price objective on shares of 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. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research report on Thursday, May 29th. Finally, Truist Financial raised their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,037.48.

Costco Wholesale Price Performance

COST opened at $935.48 on Monday. The stock has a fifty day moving average of $992.04 and a 200-day moving average of $984.23. The firm has a market capitalization of $414.87 billion, a P/E ratio of 53.06, a PEG ratio of 5.82 and a beta of 0.97. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a 12-month low of $793.00 and a 12-month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted 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. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The business had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. During the same period 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. Equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.56%. Costco Wholesale’s dividend payout ratio is currently 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.