Thurston Springer Miller Herd & Titak Inc. Has $4.71 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 21.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,974 shares of the retailer’s stock after buying an additional 874 shares during the period. Costco Wholesale comprises about 0.8% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 23rd biggest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Costco Wholesale were worth $4,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Capital & Planning LLC lifted its stake in shares of Costco Wholesale by 28.7% in the 4th quarter. Capital & Planning LLC now owns 3,756 shares of the retailer’s stock valued at $3,441,000 after purchasing an additional 837 shares during the last quarter. Redmond Asset Management LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $1,214,000. May Barnhard Investments LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $485,000. Ironwood Wealth Management LLC. lifted its stake in shares of Costco Wholesale by 0.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer’s stock valued at $3,529,000 after purchasing an additional 22 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale 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 value of $3,924,280.00. Following the transaction, the executive vice president now directly owns 43,994 shares in the company, valued at $43,161,193.58. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the transaction, the executive vice president now owns 11,165 shares in the company, valued at approximately $10,495,211.65. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,600 shares of company stock worth $9,140,195 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Loop Capital dropped their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Telsey Advisory Group reiterated a “hold” rating on shares of Costco Wholesale in a report on Tuesday. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Mizuho assumed coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a “neutral” rating and a $975.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and nineteen have given 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 Performance

NASDAQ COST opened at $1,051.69 on Thursday. The stock has a market cap of $466.62 billion, a P/E ratio of 61.76, a PEG ratio of 6.15 and a beta of 1.00. The company’s 50-day simple moving average is $991.17 and its 200 day simple moving average is $978.09. Costco Wholesale Co. has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

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 for 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 company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.78 earnings per share. As a group, research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders 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 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s payout ratio is 30.36%.

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.