Baldwin Wealth Partners LLC MA Has $37.91 Million Stake in Costco Wholesale Corporation $COST

Key Points

• Baldwin Wealth Partners LLC MA reduced its stake in Costco Wholesale by 1%, holding 38,294 shares worth approximately $37.91 million, making it the firm's 9th largest holding.
• Insider selling at Costco has increased, with EVP Russell D. Miller selling 3,381 shares and EVP Teresa A. Jones selling 600 shares, reflecting significant decreases in their ownership percentages.
• Costco reported a quarterly earnings per share of $5.87, beating estimates, with revenue of $86.16 billion, marking an 8.1% increase compared to the same quarter last year.

Baldwin Wealth Partners LLC MA lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,294 shares of the retailer's stock after selling 368 shares during the period. Costco Wholesale makes up about 2.6% of Baldwin Wealth Partners LLC MA's investment portfolio, making the stock its 9th largest holding. Baldwin Wealth Partners LLC MA's holdings in Costco Wholesale were worth $37,909,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale in the 2nd quarter worth $25,000. Anderson Financial Strategies LLC increased its holdings in shares of Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock worth $38,000 after purchasing an additional 36 shares in the last quarter. eCIO Inc. bought a new stake in shares of Costco Wholesale in the 1st quarter worth $48,000. Aspect Partners LLC increased its holdings in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after purchasing an additional 11 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Costco Wholesale in the 1st quarter worth $61,000. Institutional investors own 68.48% of the company's stock.

Insider Activity at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,981 shares of company stock worth $7,588,685. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on COST. Erste Group Bank lowered Costco Wholesale from a "buy" rating to a "hold" rating in a report on Tuesday, August 5th. Truist Financial cut their price objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a "hold" rating for the company in a report on Friday, September 26th. Morgan Stanley cut their price objective on Costco Wholesale from $1,225.00 to $1,130.00 and set an "overweight" rating for the company in a report on Friday, September 26th. Sanford C. Bernstein lifted their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. Finally, Argus lifted their price objective on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Nineteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,066.23.

Costco Wholesale Price Performance

NASDAQ COST opened at $942.89 on Friday. The company has a market capitalization of $418.15 billion, a PE ratio of 51.78, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The business's fifty day moving average is $952.50 and its 200 day moving average is $971.48. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $5.15 earnings per share. Sell-side analysts predict 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. The ex-dividend date was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale's payout ratio is 28.56%.

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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