Callan Family Office LLC Increases Position in Costco Wholesale Corporation $COST

Key Points

• Callan Family Office LLC significantly raised its stake in Costco Wholesale Corporation by 470.7%, now holding 21,594 shares valued at approximately $21.4 million.
• The company reported a quarterly earnings per share (EPS) of $5.87, exceeding analysts' expectations, with revenues reaching $86.16 billion, reflecting an 8.1% year-over-year increase.
• Costco's latest quarterly dividend of $1.30 per share represents an annualized dividend yield of 0.6% and a payout ratio of 28.56%.

Callan Family Office LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 470.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,594 shares of the retailer's stock after purchasing an additional 17,810 shares during the quarter. Costco Wholesale accounts for 0.7% of Callan Family Office LLC's investment portfolio, making the stock its 22nd largest position. Callan Family Office LLC's holdings in Costco Wholesale were worth $21,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in COST. Nuveen LLC purchased a new position in shares of Costco Wholesale in the 1st quarter valued at about $3,461,159,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Costco Wholesale by 418,980.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer's stock valued at $2,335,686,000 after purchasing an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer's stock valued at $40,332,515,000 after purchasing an additional 443,101 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer's stock valued at $768,114,000 after purchasing an additional 370,806 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Costco Wholesale by 2,369.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer's stock valued at $320,036,000 after purchasing an additional 310,197 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $942.89 on Friday. The company has a market cap 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. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The company has a 50-day simple moving average of $952.50 and a 200-day simple moving average of $971.48.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts' consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.15 earnings per share. On average, equities analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale's payout ratio is 28.56%.

Insider Transactions at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares of the company's stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $7,588,685 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Erste Group Bank downgraded shares of Costco Wholesale from a "buy" rating to a "hold" rating in a report on Tuesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Costco Wholesale in a research note on Wednesday. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the company a "neutral" rating in a research note on Friday, September 26th. Truist Financial lowered their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a "hold" rating on the stock in a research note on Friday, September 26th. Finally, Citigroup lowered their price objective on shares of Costco Wholesale from $1,065.00 to $990.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and a consensus price target of $1,066.23.

Costco Wholesale Company 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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