380 Shares in Costco Wholesale Corporation (NASDAQ:COST) Acquired by Morling Financial Advisors LLC

Morling Financial Advisors LLC purchased a new position in shares of Costco Wholesale Corporation (NASDAQ:COST) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 380 shares of the retailer’s stock, valued at approximately $359,000.

Other institutional investors and hedge funds have also bought and sold shares 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. Aspect Partners LLC boosted its position in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in Costco Wholesale during the fourth quarter valued at $58,000. Mascagni Wealth Management Inc. purchased a new position in shares of Costco Wholesale in the fourth quarter worth $59,000. Finally, Bank & Trust Co increased its position in Costco Wholesale by 20.4% during the first quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock valued at $61,000 after acquiring an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction on 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 directly owned 8,210 shares of the company’s stock, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the transaction, the executive vice president directly owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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.

Costco Wholesale Trading Down 0.6%

COST traded down $5.25 during trading on Thursday, hitting $935.94. The company’s stock had a trading volume of 487,873 shares, compared to its average volume of 2,207,136. The stock has a market cap of $415.07 billion, a PE ratio of 53.06, a PEG ratio of 5.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm’s 50 day moving average price is $995.38 and its 200-day moving average price is $983.27. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.78 EPS. On average, analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.56%. Costco Wholesale’s payout ratio is 29.50%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COST. Truist Financial upped their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Loop Capital dropped their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research report on Thursday, May 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, July 10th. Finally, Morgan Stanley raised their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,037.48.

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.