Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Reduced by Thrive Wealth Management LLC

Thrive Wealth Management LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499 shares of the retailer’s stock after selling 51 shares during the period. Thrive Wealth Management LLC’s holdings in Costco Wholesale were worth $366,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Bamco Inc. NY raised its stake in shares of Costco Wholesale by 6.4% in the 3rd quarter. Bamco Inc. NY now owns 3,990 shares of the retailer’s stock valued at $2,254,000 after acquiring an additional 239 shares in the last quarter. Staley Capital Advisers Inc. lifted its stake in shares of Costco Wholesale by 16.4% in the third quarter. Staley Capital Advisers Inc. now owns 441 shares of the retailer’s stock worth $249,000 after buying an additional 62 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in shares of Costco Wholesale by 21.6% during the 3rd quarter. Morningstar Investment Services LLC now owns 877 shares of the retailer’s stock worth $499,000 after buying an additional 156 shares during the period. Teza Capital Management LLC grew its stake in Costco Wholesale by 104.7% in the 3rd quarter. Teza Capital Management LLC now owns 21,891 shares of the retailer’s stock valued at $12,368,000 after buying an additional 11,195 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in Costco Wholesale in the 3rd quarter worth $473,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Argus raised their price target on Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Barclays lifted their price target on Costco Wholesale from $700.00 to $765.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Wells Fargo & Company increased their price objective on Costco Wholesale from $750.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Finally, Roth Mkm reissued a “neutral” rating and issued a $676.00 price target (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $756.85.

Costco Wholesale Trading Down 0.7 %

Shares of NASDAQ COST traded down $6.22 during midday trading on Thursday, reaching $850.62. 1,254,018 shares of the stock were exchanged, compared to its average volume of 1,970,574. 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 Co. has a 12 month low of $524.63 and a 12 month high of $873.96. The business has a 50-day simple moving average of $796.35 and a two-hundred day simple moving average of $736.82. The company has a market capitalization of $377.11 billion, a price-to-earnings ratio of 52.77, a P/E/G ratio of 5.66 and a beta of 0.79.

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

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a dividend of $1.16 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

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.