Capital Planning Advisors LLC Has $12.29 Million Stake in Costco Wholesale Corporation (NASDAQ:COST)

Capital Planning Advisors LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,991 shares of the retailer’s stock after selling 147 shares during the quarter. Costco Wholesale makes up about 1.9% of Capital Planning Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Capital Planning Advisors LLC’s holdings in Costco Wholesale were worth $12,287,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in COST. Personal CFO Solutions LLC raised its holdings in shares of Costco Wholesale by 12.4% in the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after purchasing an additional 167 shares during the period. F&V Capital Management LLC bought a new stake in shares of Costco Wholesale in the 1st quarter valued at about $236,000. Graybill Wealth Management LTD. bought a new stake in shares of Costco Wholesale in the 1st quarter valued at about $3,095,000. Curat Global LLC bought a new stake in shares of Costco Wholesale in the 1st quarter valued at about $241,000. Finally, Gateway Wealth Partners LLC raised its holdings in shares of Costco Wholesale by 2.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 1,380 shares of the retailer’s stock valued at $1,305,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on COST shares. Morgan Stanley upped their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Loop Capital cut their target price 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. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,050.00.

Insider Activity at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the sale, the executive vice president directly owned 8,210 shares of the company’s stock, valued at approximately $8,326,171.50. The trade was a 19.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director directly owned 11,531 shares in the company, valued at $11,300,380. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,547 shares of company stock valued at $9,472,510. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $980.98 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a 12 month low of $837.63 and a 12 month high of $1,078.23. The firm has a market cap of $435.05 billion, a P/E ratio of 55.64, a P/E/G ratio of 6.10 and a beta of 0.96. The company’s 50-day moving average price is $977.93 and its two-hundred day moving average price is $985.43.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. During the same period last year, the firm earned $3.78 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s payout ratio is 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.