Compass Wealth Management LLC Has $2.12 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Compass Wealth Management LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,898 shares of the retailer’s stock after selling 63 shares during the period. Compass Wealth Management LLC’s holdings in Costco Wholesale were worth $2,123,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Richelieu Gestion SA acquired a new stake in Costco Wholesale in the fourth quarter valued at $25,000. Frank Rimerman Advisors LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at $26,000. Morton Brown Family Wealth LLC increased its holdings in Costco Wholesale by 200.0% in 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 period. Wetzel Investment Advisors Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at $30,000. Finally, Vima LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at $34,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $870.75 on Thursday. Costco Wholesale Co. has a fifty-two week low of $516.54 and a fifty-two week high of $873.96. The stock has a market cap of $386.03 billion, a price-to-earnings ratio of 53.95, a PEG ratio of 5.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The firm’s 50-day simple moving average is $783.19 and its 200 day simple moving average is $728.16.

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

Costco Wholesale Increases Dividend

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

Insider Buying and Selling at Costco Wholesale

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COST. Citigroup increased their price objective on Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Stifel Nicolaus increased their price objective on Costco Wholesale from $800.00 to $850.00 and gave the company a “buy” rating in a report on Friday, May 31st. Barclays upped their price target on shares of Costco Wholesale from $700.00 to $765.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $750.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. Finally, Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a research report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $751.85.

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.