Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 983 shares of the retailer’s stock after buying an additional 117 shares during the period. Janiczek Wealth Management LLC’s holdings in Costco Wholesale were worth $720,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Richelieu Gestion SA acquired a new stake in Costco Wholesale during the 4th quarter worth $25,000. Frank Rimerman Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter worth $26,000. Morton Brown Family Wealth LLC boosted its stake in Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after purchasing an additional 30 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth $30,000. Finally, Vima LLC acquired a new stake in Costco Wholesale during the 4th quarter worth $34,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.5 %

Shares of NASDAQ COST traded down $3.96 during midday trading on Thursday, reaching $852.88. 567,501 shares of the stock were exchanged, compared to its average volume of 1,965,156. The company has a market capitalization of $378.11 billion, a P/E ratio of 52.77, a P/E/G ratio of 5.66 and a beta of 0.79. Costco Wholesale Co. has a 52-week low of $524.63 and a 52-week high of $873.96. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $796.35 and a 200-day moving average price of $736.82.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.43 earnings per share. Equities research analysts expect that Costco Wholesale Co. will post 15.98 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 10th. Stockholders of record on Friday, April 26th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.54%. Costco Wholesale’s payout ratio is 28.75%.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent research reports. Argus increased their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $750.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, May 31st. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Sunday, June 2nd. Oppenheimer raised their target price on shares of Costco Wholesale from $850.00 to $905.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, Tigress Financial raised their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $756.85.

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.