Crescent Sterling Ltd. lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 11.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650 shares of the retailer’s stock after buying an additional 65 shares during the quarter. Crescent Sterling Ltd.’s holdings in Costco Wholesale were worth $476,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Charles Schwab Trust Co boosted its stake in Costco Wholesale by 11.6% during the third quarter. Charles Schwab Trust Co now owns 1,002 shares of the retailer’s stock worth $566,000 after acquiring an additional 104 shares in the last quarter. Country Club Bank GFN lifted its stake in shares of Costco Wholesale by 0.6% in the third quarter. Country Club Bank GFN now owns 12,521 shares of the retailer’s stock valued at $7,120,000 after buying an additional 75 shares in the last quarter. Bridge Advisory LLC lifted its stake in shares of Costco Wholesale by 9.2% in the third quarter. Bridge Advisory LLC now owns 1,578 shares of the retailer’s stock valued at $892,000 after buying an additional 133 shares in the last quarter. Wendell David Associates Inc. lifted its stake in shares of Costco Wholesale by 3.1% in the third quarter. Wendell David Associates Inc. now owns 17,635 shares of the retailer’s stock valued at $9,963,000 after buying an additional 531 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Costco Wholesale by 1.1% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,595 shares of the retailer’s stock valued at $2,031,000 after buying an additional 40 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the transaction, the executive vice president now directly owns 6,695 shares in the company, valued at $4,785,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,727 shares of company stock worth $2,682,948. 0.18% of the stock is owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Analysis on COST
Costco Wholesale Stock Performance
Shares of COST traded down $3.43 during trading hours on Tuesday, hitting $722.90. The company’s stock had a trading volume of 1,734,041 shares, compared to its average volume of 2,045,451. The company has a market cap of $320.61 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 4.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The business has a 50 day simple moving average of $730.40 and a two-hundred day simple moving average of $669.72. Costco Wholesale Co. has a 52-week low of $476.75 and a 52-week high of $787.08.
Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.09. The firm had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $3.30 earnings per share. On average, equities analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current fiscal year.
Costco Wholesale Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a $1.16 dividend. This is a positive change 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 0.64%. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is 30.35%.
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.
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