Chicago Partners Investment Group LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,975 shares of the retailer's stock after purchasing an additional 338 shares during the period. Chicago Partners Investment Group LLC's holdings in Costco Wholesale were worth $5,623,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in COST. Fishman Jay A Ltd. MI boosted its position in shares of 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 buying an additional 575 shares during the period. Independent Solutions Wealth Management LLC raised its stake in Costco Wholesale by 0.3% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer's stock valued at $20,430,000 after acquiring an additional 53 shares in the last quarter. Personal CFO Solutions LLC boosted its position in Costco Wholesale by 12.4% during the 1st 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. bought a new position in shares of Costco Wholesale in the first quarter worth $3,095,000. Finally, Rossmore Private Capital grew its stake in shares of Costco Wholesale by 0.9% in the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock worth $6,325,000 after purchasing an additional 62 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.
Costco Wholesale Trading Up 1.2%
Costco Wholesale stock opened at $936.33 on Friday. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month 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. The stock has a market cap 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 company's fifty day simple moving average is $949.51 and its 200-day simple moving average is $971.53.
Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm had revenue of $86.16 billion during the quarter, compared to analysts' expectations of $86.01 billion. During the same quarter last year, the firm earned $5.15 earnings per share. The business's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.
Costco Wholesale Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale's payout ratio is presently 28.56%.
Insider Buying and Selling
In related news, EVP Russell D. Miller sold 3,381 shares of the firm's stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president owned 9,740 shares of the company's stock, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares of the company's stock, valued at $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. Corporate insiders own 0.18% of the company's stock.
Wall Street Analyst Weigh In
COST has been the subject of several research analyst reports. BTIG Research started coverage on shares of Costco Wholesale in a report on Tuesday. They issued a "buy" rating and a $1,115.00 price objective for the company. Morgan Stanley dropped their price target on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an "overweight" rating on the stock in a research report on Friday, September 26th. Daiwa Capital Markets decreased their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Sanford C. Bernstein raised their price objective on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an "outperform" rating in a research note on Friday, September 26th. Finally, Oppenheimer reissued an "outperform" rating and set a $1,130.00 target price on shares of Costco Wholesale in a report on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,068.15.
Check Out Our Latest Report on COST
Costco Wholesale Company Profile
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
