CapWealth Advisors LLC Has $16.42 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

CapWealth Advisors LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,414 shares of the retailer’s stock after acquiring an additional 17 shares during the quarter. Costco Wholesale comprises approximately 1.8% of CapWealth Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. CapWealth Advisors LLC’s holdings in Costco Wholesale were worth $16,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Enterprise Financial Services Corp increased its stake in shares of Costco Wholesale by 1.6% in the fourth quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock valued at $589,000 after buying an additional 14 shares during the period. Hoxton Planning & Management LLC boosted its holdings in shares of 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 buying an additional 14 shares in the last quarter. Investment Research & Advisory Group Inc. boosted its holdings in shares of Costco Wholesale by 0.3% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 4,472 shares of the retailer’s stock worth $3,276,000 after buying an additional 14 shares in the last quarter. Resurgent Financial Advisors LLC lifted its holdings in shares of Costco Wholesale by 1.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after purchasing an additional 14 shares in the last quarter. Finally, Arlington Capital Management Inc. lifted its holdings in shares of Costco Wholesale by 1.1% in the 1st quarter. Arlington Capital Management Inc. now owns 1,295 shares of the retailer’s stock worth $949,000 after purchasing an additional 14 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a $875.00 price objective (up from $800.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Loop Capital lifted their target price on Costco Wholesale from $890.00 to $940.00 and gave the company a “buy” rating in a report on Friday, June 14th. Wells Fargo & Company lifted their price target 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. DA Davidson reiterated a “neutral” rating and set a $680.00 price target on shares of Costco Wholesale in a research report on Thursday, April 11th. Finally, Citigroup boosted their target price on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $766.73.

Costco Wholesale Stock Up 0.7 %

Shares of COST traded up $6.01 during trading hours on Tuesday, hitting $886.85. The company had a trading volume of 1,356,876 shares, compared to its average volume of 1,956,172. The company has a market capitalization of $393.17 billion, a PE ratio of 54.95, a price-to-earnings-growth ratio of 5.85 and a beta of 0.78. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a one year low of $525.06 and a one year high of $896.67. The company’s fifty day moving average price is $822.38 and its two-hundred day moving average price is $750.76.

Costco Wholesale (NASDAQ:COST) last posted 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 business had revenue of $58.52 billion for the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.43 EPS. As a group, equities analysts forecast that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were paid a dividend of $1.16 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

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.