Pacific Sun Financial Corp Acquires 22 Shares of Costco Wholesale Co. (NASDAQ:COST)

Pacific Sun Financial Corp lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 574 shares of the retailer’s stock after buying an additional 22 shares during the period. Pacific Sun Financial Corp’s holdings in Costco Wholesale were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale in the 4th quarter worth approximately $31,000. NewSquare Capital LLC lifted its stake in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares during the period. Clear Investment Research LLC increased its holdings in Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after acquiring an additional 10 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $58,000. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,000 shares of company stock worth $10,825,205. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on COST shares. Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. JPMorgan Chase & Co. lifted their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Mizuho began coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They set a “neutral” rating and a $975.00 price objective for the company. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, Loop Capital decreased 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 report on Thursday, May 29th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,035.32.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $990.21 on Friday. Costco Wholesale Co. has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company’s 50 day moving average is $1,000.43 and its 200 day moving average is $980.96. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $439.14 billion, a PE ratio of 58.15, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. During the same quarter in the prior year, the firm posted $3.78 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, May 2nd. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s dividend payout ratio is currently 29.50%.

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.