Revolve Wealth Partners LLC Has $730,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Revolve Wealth Partners LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 996 shares of the retailer’s stock after acquiring an additional 120 shares during the period. Revolve Wealth Partners LLC’s holdings in Costco Wholesale were worth $730,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Richelieu Gestion SA bought a new stake in shares of Costco Wholesale in the 4th quarter worth $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $26,000. Morton Brown Family Wealth LLC lifted its holdings in Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Costco Wholesale during the fourth quarter valued at about $30,000. Finally, Vima LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group increased their price target on shares of Costco Wholesale from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Oppenheimer increased their price target on shares of Costco Wholesale from $850.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Argus raised their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Sunday, June 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $875.00 price objective (up previously from $800.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Seven equities 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.com, the company has an average rating of “Moderate Buy” and an average target price of $756.85.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of Costco Wholesale 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 completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $856.84 on Thursday. Costco Wholesale Co. has a fifty-two week low of $522.10 and a fifty-two week high of $873.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The business has a fifty day moving average price of $793.52 and a two-hundred day moving average price of $735.97. The stock has a market capitalization of $379.86 billion, a PE ratio of 53.09, a P/E/G ratio of 5.66 and a beta of 0.79.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.08. The company had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.43 EPS. As a group, equities analysts predict that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 annualized dividend and a dividend yield of 0.54%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

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.