Integris Wealth Management LLC Decreases Stock Position in Costco Wholesale Corporation (NASDAQ:COST)

Integris Wealth Management LLC lessened its stake in Costco Wholesale Corporation (NASDAQ:COST) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 586 shares of the retailer’s stock after selling 77 shares during the period. Integris Wealth Management LLC’s holdings in Costco Wholesale were worth $554,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SRN Advisors LLC lifted its position in Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after purchasing an additional 10 shares during the period. Miramar Capital LLC raised its stake in shares of Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after buying an additional 10 shares during the last quarter. Clear Investment Research LLC raised its stake in shares of Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after buying an additional 10 shares during the last quarter. Peninsula Wealth LLC boosted its stake in shares of Costco Wholesale by 1.2% in the fourth quarter. Peninsula Wealth LLC now owns 818 shares of the retailer’s stock worth $749,000 after buying an additional 10 shares during the last quarter. Finally, Bosun Asset Management LLC grew its holdings in Costco Wholesale by 1.6% during the fourth quarter. Bosun Asset Management LLC now owns 636 shares of the retailer’s stock worth $583,000 after acquiring an additional 10 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.3%

Shares of COST stock opened at $1,001.92 on Wednesday. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The stock’s fifty day moving average is $1,003.94 and its two-hundred day moving average is $981.25. The firm has a market capitalization of $444.33 billion, a P/E ratio of 56.83, a PEG ratio of 5.93 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to analysts’ expectations of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.78 earnings per share. Research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COST. Cowen reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research note on Friday, April 4th. Barclays increased their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Evercore ISI cut their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a report on Tuesday, June 17th. Finally, Loop Capital decreased 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 research report on Thursday, May 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,034.79.

Insiders Place Their Bets

In other news, EVP James C. Klauer sold 4,000 shares of the business’s 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 transaction, the executive vice president now owns 43,994 shares of the company’s stock, valued at approximately $43,161,193.58. The trade was a 8.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 completion of 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 disclosure for this sale can be found here. Insiders have sold 10,647 shares of company stock valued at $10,530,961 in the last ninety days. 0.18% of the stock is currently owned by corporate 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.