Graney & King LLC Has $153,000 Stake in Costco Wholesale Corporation $COST

Graney & King LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 8.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 162 shares of the retailer’s stock after purchasing an additional 13 shares during the quarter. Graney & King LLC’s holdings in Costco Wholesale were worth $153,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Costco Wholesale by 12.3% during 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 in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Costco Wholesale by 45.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer’s stock valued at $107,436,000 after buying an additional 36,384 shares during the period. Highview Capital Management LLC DE increased its stake in Costco Wholesale by 0.8% in the fourth quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock valued at $4,410,000 after purchasing an additional 40 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its stake in Costco Wholesale by 34.8% in the fourth quarter. Boothbay Fund Management LLC now owns 732 shares of the retailer’s stock valued at $671,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on COST shares. Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Loop Capital cut their price target on shares of 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. Morgan Stanley increased their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, August 4th. Finally, Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,050.00.

Insider Activity at Costco Wholesale

In other news, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick J. Callans sold 3,000 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the sale, the executive vice president owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,147 shares of company stock worth $10,067,740 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 0.9%

NASDAQ:COST opened at $949.52 on Thursday. The firm’s 50 day simple moving average is $967.76 and its 200 day simple moving average is $983.35. 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 Corporation has a one year low of $867.16 and a one year high of $1,078.23. The company has a market cap of $421.09 billion, a PE ratio of 53.86, a P/E/G ratio of 5.85 and a beta of 0.96.

Costco Wholesale (NASDAQ:COST) last issued 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 the consensus estimate of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.78 EPS. On average, research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s payout ratio is presently 29.50%.

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.