Fifth Third Wealth Advisors LLC Purchases 856 Shares of Costco Wholesale Corporation $COST

Fifth Third Wealth Advisors LLC grew its position in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 7.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,044 shares of the retailer’s stock after buying an additional 856 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Costco Wholesale were worth $12,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in COST. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Costco Wholesale in the 4th quarter valued at $27,000. Lifetime Wealth Management P.C. acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. bought a new stake in Costco Wholesale during the 4th quarter worth approximately $28,000. Entrust Financial LLC acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $31,000. Finally, Joseph Group Capital Management bought a new position in shares of Costco Wholesale during the fourth quarter valued at $33,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Mizuho set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, June 1st. Raymond James Financial increased their price objective on Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Citigroup initiated coverage on Costco Wholesale in a report on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Costco Wholesale from $1,060.00 to $1,110.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, TD Cowen reiterated a “buy” rating and issued a $1,175.00 price target on shares of Costco Wholesale in a research report on Wednesday, June 3rd. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,061.45.

View Our Latest Analysis on COST

Insider Activity at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director owned 4,779 shares in the company, valued at $4,575,653.55. This represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Costco Wholesale News Summary

Here are the key news stories impacting Costco Wholesale this week:

Costco Wholesale Trading Down 2.0%

COST opened at $942.24 on Friday. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50. The company has a fifty day moving average of $996.71 and a 200-day moving average of $970.66. The stock has a market cap of $417.86 billion, a PE ratio of 47.40, a price-to-earnings-growth ratio of 4.65 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). The firm had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. During the same quarter in the previous year, the firm earned $4.28 EPS. On average, sell-side analysts predict that Costco Wholesale Corporation will post 20.38 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.58%.

Costco Wholesale Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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

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