KWB Wealth Has $1.82 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

KWB Wealth boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 14.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,990 shares of the retailer's stock after buying an additional 249 shares during the period. KWB Wealth's holdings in Costco Wholesale were worth $1,823,000 as of its most recent filing with the SEC.

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Several other hedge funds have also recently bought and sold shares of the stock. Cromwell Holdings LLC boosted its position in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock valued at $1,048,000 after acquiring an additional 10 shares during the period. 44 Wealth Management LLC raised its stake in Costco Wholesale by 0.3% in the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock valued at $3,196,000 after purchasing an additional 10 shares in the last quarter. SRN Advisors LLC raised its stake in Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock valued at $2,823,000 after purchasing an additional 10 shares in the last quarter. Miramar Capital LLC raised its stake in Costco Wholesale by 1.9% in the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after purchasing an additional 10 shares in the last quarter. Finally, Clear Investment Research LLC raised its stake in Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after purchasing an additional 10 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Evercore ISI boosted their price target on Costco Wholesale from $1,070.00 to $1,075.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. Telsey Advisory Group reaffirmed a "hold" rating on shares of Costco Wholesale in a research note on Tuesday. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Finally, Loop Capital lowered their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,035.32.

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Check Out Our Latest Report on COST

Insiders Place Their Bets

In related news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James C. Klauer sold 4,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the transaction, the executive vice president now owns 43,994 shares in the company, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,600 shares of company stock worth $9,140,195. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Price Performance

• Costco Stock at $1K: Dominance or Danger Zone?

Costco Wholesale stock opened at $1,051.69 on Thursday. The stock has a market capitalization of $466.62 billion, a price-to-earnings ratio of 61.76, a PEG ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 52-week low of $793.00 and a 52-week high of $1,078.24. The stock's 50 day moving average price is $991.17 and its two-hundred day moving average price is $978.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.78 EPS. On average, equities analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders 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 0.49%. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. Costco Wholesale's dividend payout ratio is presently 30.36%.

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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST - Free Report).

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