McBroom & Associates LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

McBroom & Associates LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,667 shares of the retailer’s stock after buying an additional 12 shares during the period. Costco Wholesale makes up 6.3% of McBroom & Associates LLC’s investment portfolio, making the stock its 3rd largest holding. McBroom & Associates LLC’s holdings in Costco Wholesale were worth $11,034,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Costco Wholesale by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer’s stock valued at $38,668,069,000 after buying an additional 455,043 shares during the last quarter. Geode Capital Management LLC raised its position in Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer’s stock valued at $8,901,249,000 after buying an additional 252,118 shares during the last quarter. FMR LLC raised its position in Costco Wholesale by 1.6% in the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer’s stock valued at $8,665,921,000 after buying an additional 149,209 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Costco Wholesale by 106,402.1% during the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock valued at $7,717,744,000 after purchasing an additional 8,152,528 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $5,182,316,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COST has been the subject of several research analyst reports. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research report on Thursday, May 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Robert W. Baird raised their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Cowen restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, Truist Financial raised their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,035.32.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the sale, the executive vice president now owns 58,543 shares in the company, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,000 shares of company stock valued at $10,825,205. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $990.21 on Friday. The firm has a market capitalization of $439.14 billion, a price-to-earnings ratio of 58.15, a PEG ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 1 year low of $793.00 and a 1 year high of $1,078.24. The business has a 50 day simple moving average of $1,000.43 and a 200-day simple moving average of $980.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. The firm had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Costco Wholesale’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $3.78 EPS. Equities analysts forecast that Costco Wholesale Co. 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. Stockholders of record on Friday, May 2nd were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.53%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s payout ratio is presently 29.50%.

Costco Wholesale Company 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.