MOKAN Wealth Management Inc. Acquires 11 Shares of Costco Wholesale Corporation (NASDAQ:COST)

MOKAN Wealth Management Inc. raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 0.4% in the 1st quarter, HoldingsChannel reports. The firm owned 2,638 shares of the retailer’s stock after purchasing an additional 11 shares during the quarter. Costco Wholesale accounts for approximately 1.5% of MOKAN Wealth Management Inc.’s portfolio, making the stock its 20th largest position. MOKAN Wealth Management Inc.’s holdings in Costco Wholesale were worth $2,499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. May Barnhard Investments LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $485,000. Brighton Jones LLC increased 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 buying an additional 2,172 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares during the period. SOA Wealth Advisors LLC. increased its stake in shares of Costco Wholesale by 33.3% in the 4th quarter. SOA Wealth Advisors LLC. now owns 188 shares of the retailer’s stock valued at $172,000 after buying an additional 47 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its stake in shares of Costco Wholesale by 45.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer’s stock valued at $107,436,000 after buying an additional 36,384 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the sale, the executive vice president now owns 43,994 shares in the company, valued at $43,161,193.58. This represents 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 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 now owns 8,210 shares in the company, valued at $8,326,171.50. This represents a 19.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock worth $9,496,950 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $986.54 on Thursday. Costco Wholesale Corporation has a 52-week low of $793.00 and a 52-week high of $1,078.24. The firm has a market capitalization of $437.51 billion, a PE ratio of 55.96, a PEG ratio of 5.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The business’s 50-day simple moving average is $1,004.32 and its 200 day simple moving average is $981.29.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 30.48% and a net margin of 2.92%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.78 earnings per share. As a group, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Evercore ISI decreased their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a research note on Tuesday, June 17th. Cfra Research raised Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research note on Friday, April 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Finally, Mizuho assumed coverage on Costco Wholesale in a research note on Friday, April 11th. They set a “neutral” rating and a $975.00 price objective for the company. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,034.79.

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.