ERn Financial LLC Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

ERn Financial LLC grew its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,036 shares of the retailer’s stock after buying an additional 36 shares during the period. ERn Financial LLC’s holdings in Costco Wholesale were worth $1,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Costco Wholesale in the fourth quarter worth about $3,628,694,000. International Assets Investment Management LLC lifted its holdings in Costco Wholesale by 61,693.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after purchasing an additional 3,100,099 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Costco Wholesale during the first quarter worth about $510,353,000. Public Employees Retirement Association of Colorado raised its position in shares of Costco Wholesale by 3,647.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock worth $374,688,000 after purchasing an additional 552,492 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Costco Wholesale by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock worth $26,640,940,000 after purchasing an additional 485,051 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Performance

NASDAQ COST traded down $6.22 during trading hours on Thursday, hitting $850.62. The company had a trading volume of 1,195,546 shares, compared to its average volume of 1,970,262. The business has a 50 day moving average of $796.35 and a 200-day moving average of $736.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale Co. has a 1-year low of $524.63 and a 1-year high of $873.96. The company has a market cap of $377.11 billion, a PE ratio of 52.77, a price-to-earnings-growth ratio of 5.66 and a beta of 0.79.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.43 EPS. As a group, equities research analysts expect that Costco Wholesale Co. will post 15.98 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a $1.16 dividend. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.55%. Costco Wholesale’s dividend payout ratio is 28.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on COST shares. DA Davidson reaffirmed a “neutral” rating and issued a $680.00 price target on shares of Costco Wholesale in a research note on Thursday, April 11th. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a research note on Wednesday, April 3rd. Stifel Nicolaus increased their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Argus boosted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, TD Cowen increased their price objective on shares of Costco Wholesale from $777.00 to $850.00 and gave the company a “buy” rating in a report on Friday, May 31st. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $756.85.

Check Out Our Latest Analysis on Costco Wholesale

About Costco Wholesale

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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