Brown Miller Wealth Management LLC Buys 126 Shares of Costco Wholesale Co. (NASDAQ:COST)

Brown Miller Wealth Management LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 14.4% during the first quarter, HoldingsChannel reports. The firm owned 998 shares of the retailer’s stock after acquiring an additional 126 shares during the period. Brown Miller Wealth Management LLC’s holdings in Costco Wholesale were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $31,000. NewSquare Capital LLC raised its holdings in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares during the period. Clear Investment Research LLC raised its holdings in shares of Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after purchasing an additional 10 shares during the period. Finally, Capital A Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $58,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on COST. Evercore ISI lifted their price target on shares of Costco Wholesale from $1,070.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, May 29th. JPMorgan Chase & Co. boosted their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Truist Financial boosted their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Cfra Research raised shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,035.32.

Costco Wholesale Stock Down 1.2%

Shares of NASDAQ:COST opened at $990.21 on Monday. Costco Wholesale Co. has a 52-week low of $793.00 and a 52-week high of $1,078.24. The firm has a fifty day moving average of $1,000.43 and a 200 day moving average of $981.10. The firm has a market capitalization of $439.14 billion, a PE ratio of 58.15, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The company had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same period in the previous year, the business earned $3.78 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.53%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale’s dividend payout ratio is presently 29.50%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,028,300.00. Following the transaction, the executive vice president now directly owns 8,210 shares of the company’s stock, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock worth $10,825,205 over the last three months. Company insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.