Consilio Wealth Advisors LLC Purchases 26 Shares of Costco Wholesale Co. (NASDAQ:COST)

Consilio Wealth Advisors LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 5.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 499 shares of the retailer’s stock after acquiring an additional 26 shares during the period. Consilio Wealth Advisors LLC’s holdings in Costco Wholesale were worth $366,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of COST. Vanguard Group Inc. grew its holdings in Costco Wholesale by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock worth $26,640,940,000 after acquiring an additional 485,051 shares during the period. Norges Bank acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at about $3,628,694,000. Capital World Investors grew its stake in shares of Costco Wholesale by 3.9% in the 4th quarter. Capital World Investors now owns 3,539,245 shares of the retailer’s stock valued at $2,336,198,000 after buying an additional 132,292 shares during the period. International Assets Investment Management LLC grew its stake in shares of Costco Wholesale by 61,693.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after buying an additional 3,100,099 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Costco Wholesale by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock valued at $1,844,581,000 after buying an additional 85,398 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $845.67 on Tuesday. 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 has a market cap of $374.91 billion, a price-to-earnings ratio of 52.40, a P/E/G ratio of 5.63 and a beta of 0.78. The firm has a fifty day moving average price of $801.95 and a 200 day moving average price of $740.64. Costco Wholesale Co. has a fifty-two week low of $524.63 and a fifty-two week high of $873.96.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.43 earnings per share. As a group, sell-side analysts expect that Costco Wholesale Co. will post 15.96 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COST. Evercore ISI raised their target price on Costco Wholesale from $860.00 to $890.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Truist Financial lifted their price target on Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Citigroup lifted their price target on Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. BMO Capital Markets reiterated an “outperform” rating and set a $875.00 price target (up previously from $800.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Finally, TD Cowen lifted their price target on Costco Wholesale from $777.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $756.85.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

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.