RVW Wealth LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

RVW Wealth LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 90.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 681 shares of the retailer’s stock after purchasing an additional 324 shares during the quarter. RVW Wealth LLC’s holdings in Costco Wholesale were worth $499,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Enterprise Financial Services Corp increased its position in Costco Wholesale by 1.6% in the 4th quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock valued at $589,000 after acquiring an additional 14 shares during the period. Howard Financial Services LTD. boosted its stake in Costco Wholesale by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock valued at $574,000 after purchasing an additional 15 shares in the last quarter. First National Corp MA ADV boosted its stake in Costco Wholesale by 0.5% during the 4th quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 15 shares in the last quarter. Morton Capital Management LLC CA boosted its stake in Costco Wholesale by 1.0% during the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after purchasing an additional 15 shares in the last quarter. Finally, Insight Advisors LLC PA boosted its stake in Costco Wholesale by 0.6% during the 4th quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock valued at $1,807,000 after purchasing an additional 15 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COST. Evercore ISI increased their price target on Costco Wholesale from $845.00 to $860.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Argus increased their price target on Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Barclays increased their price target on Costco Wholesale from $700.00 to $765.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target for the company. in a research note on Wednesday, April 3rd. Finally, Telsey Advisory Group raised their price objective on Costco Wholesale from $850.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $751.85.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $870.75 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 1 year low of $516.54 and a 1 year high of $873.96. The business has a fifty day simple moving average of $783.19 and a 200 day simple moving average of $728.16. The firm has a market cap of $386.03 billion, a price-to-earnings ratio of 53.95, a P/E/G ratio of 5.76 and a beta of 0.79.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same period last year, the company earned $3.43 earnings per share. Costco Wholesale’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Costco Wholesale Co. will post 15.96 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a dividend of $1.16 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Costco Wholesale 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.