287 Shares in Costco Wholesale Corporation $COST Acquired by Core Wealth Advisors Inc.

Key Points

• Core Wealth Advisors Inc. has acquired a new stake in Costco Wholesale Corporation, purchasing 287 shares valued at approximately $272,000.
• Costco reported quarterly earnings of $4.28 per share, beating analysts' expectations, with revenue of $63.21 billion, a year-over-year increase of 8.0%.
• Costco recently paid a $1.30 dividend to shareholders, representing an annualized payout of $5.20 and a yield of 0.6%.

Core Wealth Advisors Inc. bought a new stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 287 shares of the retailer's stock, valued at approximately $272,000.

Several other large investors have also modified their holdings of the business. Personal CFO Solutions LLC lifted its position in Costco Wholesale by 12.4% in the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after buying an additional 167 shares during the last quarter. F&V Capital Management LLC acquired a new position in shares of Costco Wholesale in the 1st quarter worth approximately $236,000. Graybill Wealth Management LTD. purchased a new position in shares of Costco Wholesale during the 1st quarter worth approximately $3,095,000. Rossmore Private Capital boosted its position in shares of Costco Wholesale by 0.9% during the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock worth $6,325,000 after purchasing an additional 62 shares during the period. Finally, Curat Global LLC acquired a new stake in Costco Wholesale in the 1st quarter valued at approximately $241,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Stock Down 0.2%

Shares of NASDAQ COST opened at $943.32 on Monday. The business has a 50-day moving average price of $966.42 and a 200 day moving average price of $980.51. The stock has a market cap of $418.34 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of 5.86 and a beta of 0.97. 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 52-week low of $867.16 and a 52-week high of $1,078.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.24 by $0.04. The company had revenue of $63.21 billion during the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.78 earnings per share. Equities research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale's payout ratio is currently 29.50%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on COST shares. Erste Group Bank cut Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, August 27th. Truist Financial lifted their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research note on Thursday, May 29th. Finally, Evercore ISI cut their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 17th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,050.00.

Insider Activity

In related news, EVP Teresa A. Jones sold 600 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the sale, the executive vice president directly owned 58,543 shares of the company's stock, valued at $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,147 shares of company stock valued at $10,067,740. Insiders own 0.18% of the company's stock.

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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