Costco Wholesale Corporation (NASDAQ:COST) Shares Purchased by Telligent Fund LP

Telligent Fund LP boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,700 shares of the retailer’s stock after acquiring an additional 200 shares during the quarter. Costco Wholesale accounts for 4.9% of Telligent Fund LP’s portfolio, making the stock its 8th largest position. Telligent Fund LP’s holdings in Costco Wholesale were worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Costco Wholesale by 45.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer’s stock worth $107,436,000 after buying an additional 36,384 shares during the last quarter. Highview Capital Management LLC DE boosted its holdings in Costco Wholesale by 0.8% during the fourth quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock worth $4,410,000 after buying an additional 40 shares during the last quarter. Finally, Hudson Value Partners LLC boosted its holdings in Costco Wholesale by 5.7% during the fourth quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer’s stock worth $7,789,000 after buying an additional 455 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the completion of the sale, the executive vice president owned 8,210 shares of the company’s stock, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,547 shares of company stock worth $9,472,510 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.8%

Shares of Costco Wholesale stock opened at $988.74 on Tuesday. The business has a fifty day simple moving average of $976.56 and a two-hundred day simple moving average of $985.77. Costco Wholesale Corporation has a 1 year low of $852.40 and a 1 year high of $1,078.23. The company has a market capitalization of $438.49 billion, a price-to-earnings ratio of 56.08, a P/E/G ratio of 6.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same quarter last year, the firm posted $3.78 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.50%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Loop Capital reduced their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. lifted their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Evercore ISI cut their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a report on Tuesday, June 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, August 4th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,050.00.

About Costco Wholesale

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.