Vivid Wealth Management LLC Purchases 68 Shares of Costco Wholesale Co. (NASDAQ:COST)

Vivid Wealth Management LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% in the first quarter, HoldingsChannel reports. The fund owned 2,699 shares of the retailer’s stock after acquiring an additional 68 shares during the period. Costco Wholesale accounts for approximately 1.3% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. Vivid Wealth Management LLC’s holdings in Costco Wholesale were worth $2,552,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Cromwell Holdings LLC boosted its stake in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after buying an additional 10 shares during the period. 44 Wealth Management LLC increased its holdings in shares of Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after buying an additional 10 shares in the last quarter. SRN Advisors LLC increased its holdings in shares of Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after buying an additional 10 shares in the last quarter. Miramar Capital LLC increased its holdings in shares of Costco Wholesale by 1.9% during the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock worth $481,000 after buying an additional 10 shares in the last quarter. Finally, Clear Investment Research LLC increased its holdings in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after buying an additional 10 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Sanford C. Bernstein reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Truist Financial raised their price target 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,035.32.

Costco Wholesale Stock Down 0.6%

Costco Wholesale stock opened at $984.36 on Tuesday. Costco Wholesale Co. has a 1-year low of $793.00 and a 1-year high of $1,078.24. The firm has a market capitalization of $436.54 billion, a price-to-earnings ratio of 57.80, a P/E/G ratio of 6.15 and a beta of 1.00. 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 firm has a 50 day simple moving average of $1,001.94 and a 200 day simple moving average of $981.18.

Costco Wholesale (NASDAQ:COST) last released its quarterly 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 firm had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.78 EPS. On average, analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

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

Insider Buying and Selling

In other news, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. The trade was a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. This trade represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,000 shares of company stock worth $10,825,205. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.