Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Chris Bulman Inc

Chris Bulman Inc boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,873 shares of the retailer’s stock after acquiring an additional 14 shares during the quarter. Costco Wholesale accounts for 1.1% of Chris Bulman Inc’s portfolio, making the stock its 28th largest position. Chris Bulman Inc’s holdings in Costco Wholesale were worth $1,771,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COST. Investment Management Corp VA ADV bought a new position in Costco Wholesale during the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth $31,000. NewSquare Capital LLC boosted its position in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares during the period. Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $35,000. Finally, Clear Investment Research LLC boosted its position in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after buying an additional 10 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

COST opened at $996.78 on Thursday. The business’s 50-day moving average price is $996.91 and its two-hundred day moving average price is $980.41. Costco Wholesale Co. has a 1 year low of $793.00 and a 1 year high of $1,078.24. The company has a market capitalization of $442.05 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 6.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.21 billion during the quarter, compared to analysts’ expectations of $62.93 billion. During the same quarter in the previous year, the company posted $3.78 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Equities analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, May 2nd. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s payout ratio is currently 29.50%.

Insider Transactions at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the sale, the executive vice president now directly owns 8,210 shares in the company, valued at approximately $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. The trade was a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock worth $10,825,205 over the last quarter. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COST. Cowen restated a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Barclays boosted their price target on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Robert W. Baird increased their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a report on Thursday, May 29th. Finally, Evercore ISI increased their price target on Costco Wholesale from $1,070.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, May 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,035.32.

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.