Vivid Wealth Management LLC Has $2.55 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Vivid Wealth Management LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,699 shares of the retailer’s stock after buying an additional 68 shares during the period. Costco Wholesale makes up about 1.3% of Vivid Wealth Management LLC’s holdings, making the stock its 25th biggest position. Vivid Wealth Management LLC’s holdings in Costco Wholesale were worth $2,552,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stanich Group LLC acquired a new position in Costco Wholesale in the 4th quarter worth about $214,000. Geode Capital Management LLC increased its position in Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer’s stock worth $8,901,249,000 after purchasing an additional 252,118 shares during the last quarter. F&V Capital Management LLC acquired a new position in Costco Wholesale in the 1st quarter worth about $236,000. RW Investment Management LLC increased its position in Costco Wholesale by 21.3% in the 4th quarter. RW Investment Management LLC now owns 5,624 shares of the retailer’s stock worth $5,153,000 after purchasing an additional 989 shares during the last quarter. Finally, AMJ Financial Wealth Management increased its position in Costco Wholesale by 2.6% in the 4th quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer’s stock worth $9,654,000 after purchasing an additional 270 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. 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. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research note on Thursday, May 29th. Barclays upped their price target on Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Finally, Mizuho initiated coverage on Costco Wholesale in a research note on Friday, April 11th. They set a “neutral” rating and a $975.00 price target for the company. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,035.32.

Insider Activity at Costco Wholesale

In related news, EVP Gary Millerchip sold 1,100 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. This trade represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the sale, the executive vice president now directly owns 8,210 shares in the company, valued at $8,326,171.50. The trade was a 19.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock valued at $10,825,205 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.6%

Costco Wholesale stock opened at $984.36 on Tuesday. The business has a 50 day moving average price of $1,001.94 and a two-hundred day moving average price of $981.18. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $436.54 billion, a price-to-earnings ratio of 57.80, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 12 month low of $793.00 and a 12 month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.21 billion during the quarter, compared to analysts’ expectations of $62.93 billion. During the same period in the prior year, the firm posted $3.78 EPS. Costco Wholesale’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.53%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.50%.

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.