Costco Wholesale Corporation (NASDAQ:COST) Shares Acquired by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC boosted its position in Costco Wholesale Corporation (NASDAQ:COST) by 22.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214 shares of the retailer’s stock after buying an additional 39 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Costco Wholesale were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position 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 purchasing an additional 8,152,528 shares during the last quarter. Nuveen LLC bought a new stake in shares of Costco Wholesale during the 1st quarter valued at about $3,461,159,000. Leigh Baldwin & CO. LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $95,452,000. Northern Trust Corp grew its position in shares of Costco Wholesale by 12.6% during the 4th quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer’s stock valued at $4,817,573,000 after buying an additional 587,303 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Costco Wholesale by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after buying an additional 443,101 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at approximately $11,300,380. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 8,210 shares in the company, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,547 shares of company stock valued at $9,472,510 in the last quarter. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COST. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, August 4th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Truist Financial boosted their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Morgan Stanley boosted their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Finally, Loop Capital decreased their target price 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. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,050.00.

Costco Wholesale Stock Performance

Shares of COST opened at $980.98 on Monday. The company’s fifty day moving average is $977.93 and its 200-day moving average is $985.43. Costco Wholesale Corporation has a 12 month low of $837.63 and a 12 month high of $1,078.23. The firm has a market cap of $435.05 billion, a price-to-earnings ratio of 55.64, a price-to-earnings-growth ratio of 6.10 and a beta of 0.96. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

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

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. Costco Wholesale’s dividend payout ratio is 29.50%.

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.