Tradewinds Capital Management LLC Has $1.08 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Tradewinds Capital Management LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,472 shares of the retailer’s stock after buying an additional 24 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Costco Wholesale were worth $1,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of COST. Richelieu Gestion SA bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $25,000. Frank Rimerman Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $26,000. Morton Brown Family Wealth LLC boosted its holdings in Costco Wholesale by 200.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $30,000. Finally, Vima LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST traded up $1.40 on Wednesday, hitting $860.76. The company’s stock had a trading volume of 449,144 shares, compared to its average volume of 1,955,255. The company has a 50-day simple moving average of $807.29 and a 200 day simple moving average of $743.56. Costco Wholesale Co. has a 1 year low of $524.63 and a 1 year high of $873.96. The company has a market capitalization of $381.60 billion, a PE ratio of 53.05, a PEG ratio of 5.63 and a beta of 0.78. 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 released its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.08. The firm had revenue of $58.52 billion for the quarter, compared to analysts’ expectations 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 was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.43 EPS. Sell-side analysts forecast 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 dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.54%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Insider Activity at Costco Wholesale

In related news, EVP Russell D. Miller sold 785 shares of the firm’s 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 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 legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Oppenheimer boosted their price target on Costco Wholesale from $850.00 to $905.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. BMO Capital Markets reissued an “outperform” rating and issued a $875.00 price target (up from $800.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Barclays boosted their price target on Costco Wholesale from $700.00 to $765.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Truist Financial upped their target price on Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Finally, Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a research report on Wednesday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $758.70.

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.