Costco Wholesale Corporation $COST Shares Acquired by Bogart Wealth LLC

Key Points

• Bogart Wealth LLC increased its stake in Costco Wholesale Corporation by 2.7% in Q2, holding shares valued at approximately $11.57 million.
• Costco reported an earnings per share of $5.87 for the most recent quarter, exceeding estimates and reflecting an 8.1% revenue increase year-over-year.
• The company declared a quarterly dividend of $1.30 per share, with the payout scheduled for November 14th, reflecting an annualized yield of 0.6%.

Bogart Wealth LLC grew its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,683 shares of the retailer's stock after purchasing an additional 309 shares during the period. Bogart Wealth LLC's holdings in Costco Wholesale were worth $11,566,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fishman Jay A Ltd. MI grew its holdings in Costco Wholesale by 3.5% during the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer's stock worth $16,718,000 after acquiring an additional 575 shares during the period. Independent Solutions Wealth Management LLC grew its holdings in Costco Wholesale by 0.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer's stock worth $20,430,000 after acquiring an additional 53 shares during the period. Personal CFO Solutions LLC grew its holdings in Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock worth $1,436,000 after acquiring an additional 167 shares during the period. Graybill Wealth Management LTD. acquired a new position in Costco Wholesale during the first quarter worth $3,095,000. Finally, Rossmore Private Capital grew its holdings in Costco Wholesale by 0.9% during the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock worth $6,325,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Stock Up 1.2%

Shares of NASDAQ:COST opened at $936.33 on Monday. The company has a market capitalization of $414.96 billion, a P/E ratio of 51.42, a P/E/G ratio of 5.68 and a beta of 0.98. The stock's fifty day simple moving average is $949.51 and its 200-day simple moving average is $971.56. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

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

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale's dividend payout ratio is currently 28.56%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COST shares. BTIG Research began coverage on Costco Wholesale in a report on Tuesday, October 14th. They set a "buy" rating and a $1,115.00 price objective on the stock. Citigroup decreased their target price on Costco Wholesale from $1,065.00 to $990.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. Erste Group Bank downgraded Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Costco Wholesale in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of "Moderate Buy" and an average price target of $1,068.15.

Insider Buying and Selling

In other news, EVP Russell D. Miller sold 3,381 shares of the 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 transaction, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. This represents a 25.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the 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 transaction, the executive vice president 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 disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

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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