Costco Wholesale Corporation (NASDAQ:COST) Shares Bought by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 42.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 448 shares of the retailer’s stock after buying an additional 134 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Costco Wholesale were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. von Borstel & Associates Inc. acquired a new position in Costco Wholesale during the first quarter worth about $706,000. Truist Financial Corp grew its position in Costco Wholesale by 1.4% during the first quarter. Truist Financial Corp now owns 312,824 shares of the retailer’s stock worth $295,862,000 after buying an additional 4,285 shares during the period. Capital Investment Advisory Services LLC grew its position in Costco Wholesale by 21.7% during the first quarter. Capital Investment Advisory Services LLC now owns 3,118 shares of the retailer’s stock worth $2,949,000 after buying an additional 556 shares during the period. Columbia River Financial Group LLC acquired a new position in Costco Wholesale during the first quarter worth about $93,000. Finally, Global Wealth Management Investment Advisory Inc. grew its position in Costco Wholesale by 6.6% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 3,470 shares of the retailer’s stock worth $3,282,000 after buying an additional 214 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $986.27 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The company has a market cap of $437.39 billion, a P/E ratio of 55.94, a P/E/G ratio of 6.14 and a beta of 0.97. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.24. The firm’s 50 day moving average is $1,005.20 and its two-hundred day moving average is $981.08.

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. The company had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. Costco Wholesale’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.78 earnings per share. Analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.53%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.50%.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Robert W. Baird increased their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Finally, Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research report on Thursday, May 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-one 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 a consensus target price of $1,034.79.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the transaction, the executive vice president owned 58,543 shares of the company’s stock, valued at $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the transaction, the director owned 11,531 shares in the company, valued at $11,300,380. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,547 shares of company stock worth $9,496,950. Company insiders own 0.18% of the company’s stock.

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.