Cypress Wealth Services LLC Has $2.56 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Cypress Wealth Services LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,496 shares of the retailer’s stock after buying an additional 394 shares during the quarter. Cypress Wealth Services LLC’s holdings in Costco Wholesale were worth $2,561,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Enterprise Financial Services Corp boosted its stake in Costco Wholesale by 1.6% during the 4th quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock worth $589,000 after acquiring an additional 14 shares during the last quarter. Hoxton Planning & Management LLC boosted its stake in Costco Wholesale by 0.9% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,535 shares of the retailer’s stock worth $1,125,000 after acquiring an additional 14 shares during the last quarter. Howard Financial Services LTD. boosted its stake in Costco Wholesale by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock worth $574,000 after acquiring an additional 15 shares during the last quarter. First National Corp MA ADV boosted its stake in Costco Wholesale by 0.5% during the 4th quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock worth $2,045,000 after acquiring an additional 15 shares during the last quarter. Finally, Morton Capital Management LLC CA boosted its stake in Costco Wholesale by 1.0% during the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock worth $1,032,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on COST shares. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Sunday, June 2nd. Argus lifted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Gordon Haskett lowered shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective on the stock. in a research report on Wednesday, April 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $875.00 price objective (up previously from $800.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Finally, Citigroup upped their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $756.85.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded up $2.13 during trading hours on Friday, hitting $852.75. 471,548 shares of the company’s stock traded hands, compared to its average volume of 1,958,654. Costco Wholesale Co. has a 12-month low of $524.63 and a 12-month high of $873.96. The stock has a market capitalization of $378.05 billion, a price-to-earnings ratio of 53.05, a PEG ratio of 5.67 and a beta of 0.79. The company has a fifty day simple moving average of $796.35 and a 200-day simple moving average of $736.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same period last year, the firm posted $3.43 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale Co. will post 15.98 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $1.16 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.54%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

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.