Costco Wholesale Corporation (NASDAQ:COST) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,943 shares of the retailer’s stock after buying an additional 956 shares during the period. Costco Wholesale accounts for approximately 1.6% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 16th largest holding. Oak Ridge Investments LLC’s holdings in Costco Wholesale were worth $18,862,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in Costco Wholesale by 12.3% during the fourth 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 in the last quarter. Revolve Wealth Partners LLC boosted its stake in Costco Wholesale by 13.1% during the fourth 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 in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Costco Wholesale by 45.0% during the fourth 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 in the last quarter. Highview Capital Management LLC DE boosted its stake in Costco Wholesale by 0.8% during the fourth quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock valued at $4,410,000 after buying an additional 40 shares in the last quarter. Finally, Hudson Value Partners LLC boosted its stake in Costco Wholesale by 5.7% during the fourth quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer’s stock valued at $7,789,000 after buying an additional 455 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 1.3%

COST opened at $978.85 on Thursday. Costco Wholesale Corporation has a fifty-two week low of $858.50 and a fifty-two week high of $1,078.23. The business has a 50-day moving average of $973.82 and a 200-day moving average of $985.76. 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 company has a market capitalization of $434.10 billion, a PE ratio of 55.52, a price-to-earnings-growth ratio of 6.16 and a beta of 0.96.

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

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Insider Buying and Selling

In related news, EVP Patrick J. Callans sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the transaction, the executive vice president directly owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. This trade represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of the firm’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 transaction, the executive vice president directly owned 8,210 shares in the company, valued at $8,326,171.50. The trade was a 19.59% 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 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Truist Financial raised their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Morgan Stanley increased their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, August 4th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,050.00.

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.