Costco Wholesale Corporation $COST Shares Purchased by Focused Wealth Management Inc

Focused Wealth Management Inc increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 372.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,262 shares of the retailer’s stock after purchasing an additional 995 shares during the period. Focused Wealth Management Inc’s holdings in Costco Wholesale were worth $1,258,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lbmc Investment Advisors LLC raised its position in shares of Costco Wholesale by 0.5% in the 4th quarter. Lbmc Investment Advisors LLC now owns 2,041 shares of the retailer’s stock valued at $1,760,000 after purchasing an additional 10 shares during the last quarter. Graybill Wealth Management LTD. grew its position in Costco Wholesale by 0.3% during the 4th quarter. Graybill Wealth Management LTD. now owns 3,194 shares of the retailer’s stock worth $2,754,000 after purchasing an additional 10 shares during the last quarter. Palisade Asset Management LLC grew its position in Costco Wholesale by 1.4% during the 4th quarter. Palisade Asset Management LLC now owns 702 shares of the retailer’s stock worth $605,000 after purchasing an additional 10 shares during the last quarter. Graney & King LLC increased its stake in Costco Wholesale by 6.8% during the 2nd quarter. Graney & King LLC now owns 173 shares of the retailer’s stock valued at $171,000 after purchasing an additional 11 shares in the last quarter. Finally, Seneschal Advisors LLC raised its holdings in shares of Costco Wholesale by 0.4% in the second quarter. Seneschal Advisors LLC now owns 3,142 shares of the retailer’s stock worth $3,110,000 after buying an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the transaction, the director owned 4,779 shares of the company’s stock, valued at $4,575,653.55. The trade was a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several research reports. BTIG Research reiterated a “buy” rating and set a $1,125.00 price objective on shares of Costco Wholesale in a research note on Friday, May 29th. Truist Financial raised their target price on Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Bank of America lifted their price target on Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Roth Mkm boosted their price target on Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research note on Friday, May 29th. Finally, HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a report on Monday, June 1st. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,061.45.

Read Our Latest Research Report on COST

More Costco Wholesale News

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

Costco Wholesale Stock Down 2.0%

NASDAQ:COST opened at $942.24 on Friday. The firm has a market capitalization of $417.86 billion, a P/E ratio of 47.40, a PEG ratio of 4.65 and a beta of 0.88. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company’s fifty day moving average price is $996.71 and its 200-day moving average price is $970.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The business had revenue of $70.53 billion for 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 prior year, the firm earned $4.28 earnings per share. As a group, equities research analysts anticipate that Costco Wholesale Corporation will post 20.38 EPS for the current year.

Costco Wholesale Increases Dividend

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