International Private Wealth Advisors LLC Has $2.51 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

International Private Wealth Advisors LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.0% in the 1st quarter, HoldingsChannel reports. The firm owned 2,653 shares of the retailer’s stock after selling 170 shares during the period. Costco Wholesale makes up 2.4% of International Private Wealth Advisors LLC’s portfolio, making the stock its 8th biggest position. International Private Wealth Advisors LLC’s holdings in Costco Wholesale were worth $2,510,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of COST. GAMMA Investing LLC lifted its holdings in shares of Costco Wholesale by 106,402.1% in the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock worth $7,717,744,000 after acquiring an additional 8,152,528 shares during the last quarter. Norges Bank bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $5,182,316,000. Proficio Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 74,796.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after acquiring an additional 1,519,861 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $95,452,000. Finally, Northern Trust Corp lifted its holdings in shares of Costco Wholesale by 12.6% in the 4th quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer’s stock worth $4,817,573,000 after acquiring an additional 587,303 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

In other news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the sale, the executive vice president now directly owns 8,210 shares of the company’s stock, valued at $8,326,171.50. This represents a 19.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the sale, the executive vice president now directly owns 43,994 shares in the company, valued at $43,161,193.58. This trade represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,000 shares of company stock valued at $7,816,895 in the last three months. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a report on Thursday, May 29th. Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Loop Capital lowered their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a report on Thursday, May 29th. Cowen restated a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Finally, Truist Financial lifted their target price on shares of 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 equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,035.32.

Costco Wholesale Stock Down 0.9%

Shares of Costco Wholesale stock opened at $1,006.18 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $994.50 and its two-hundred day simple moving average is $980.11. The company has a market cap of $446.42 billion, a P/E ratio of 59.08, a PEG ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 12-month low of $793.00 and a 12-month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last released its 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 firm 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 2.93% and a return on equity of 32.31%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 EPS. Research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a $1.30 dividend. The ex-dividend date was Friday, May 2nd. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio is currently 29.50%.

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.