Consilio Wealth Advisors LLC Raises Holdings in Costco Wholesale Co. (NASDAQ:COST)

Consilio Wealth Advisors LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 587 shares of the retailer’s stock after buying an additional 16 shares during the quarter. Consilio Wealth Advisors LLC’s holdings in Costco Wholesale were worth $556,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Costco Wholesale by 106,402.1% during the first quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock worth $7,717,744,000 after buying an additional 8,152,528 shares during the last quarter. Norges Bank purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $5,182,316,000. Proficio Capital Partners LLC grew its holdings in shares of Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after buying an additional 1,519,861 shares during the last quarter. Leigh Baldwin & CO. LLC purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $95,452,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Cowen reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Morgan Stanley raised their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. JPMorgan Chase & Co. raised their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Tuesday. Finally, DA Davidson raised their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,035.32.

Costco Wholesale Price Performance

COST stock opened at $1,010.81 on Friday. The firm has a 50 day moving average of $992.47 and a 200-day moving average of $978.72. Costco Wholesale Co. has a 12-month low of $793.00 and a 12-month high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $448.48 billion, a price-to-earnings ratio of 59.35, a PEG ratio of 6.15 and a beta of 1.00.

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, beating analysts’ consensus estimates of $4.24 by $0.04. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The company had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same period last year, the firm earned $3.78 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $1.30 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s payout ratio is currently 29.50%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. The trade was a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at $38,242,687. The trade was a 8.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,600 shares of company stock worth $9,140,195 in the last ninety days. 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.