Costco Wholesale Corporation $COST Shares Bought by Dohj LLC

Key Points

• Dohj LLC increased its stake in Costco Wholesale by 17.6% in Q2, acquiring an additional 629 shares, bringing its total to 4,204 shares valued at approximately $4.1 million.
• Costco reported $5.87 earnings per share for the most recent quarter, exceeding estimates, with revenue increasing by 8.1% year-over-year to $86.16 billion.
• The company recently announced a quarterly dividend of $1.30 per share, resulting in an annualized dividend of $5.20 and a yield of 0.6%.

Dohj LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 17.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,204 shares of the retailer's stock after acquiring an additional 629 shares during the quarter. Costco Wholesale comprises 1.1% of Dohj LLC's holdings, making the stock its 24th largest holding. Dohj LLC's holdings in Costco Wholesale were worth $4,103,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bulwark Capital Corp acquired a new stake in shares of Costco Wholesale in the second quarter valued at $25,000. Anderson Financial Strategies LLC grew its stake in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock valued at $38,000 after buying an additional 36 shares in the last quarter. eCIO Inc. acquired a new stake in shares of Costco Wholesale in the first quarter valued at $48,000. Aspect Partners LLC grew its stake in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after buying an additional 11 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Costco Wholesale in the first quarter valued at $61,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $914.80 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23. The firm has a market capitalization of $405.69 billion, a PE ratio of 50.24, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. The stock's 50-day simple moving average is $952.43 and its 200-day simple moving average is $971.37.

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

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) is 28.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COST shares. Evercore ISI dropped their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an "outperform" rating for the company in a research note on Friday, September 26th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Costco Wholesale in a research note on Wednesday. Sanford C. Bernstein lifted their target price on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an "outperform" rating in a report on Friday, September 26th. JPMorgan Chase & Co. decreased their target price on Costco Wholesale from $1,160.00 to $1,050.00 and set an "overweight" rating for the company in a report on Friday, September 26th. Finally, Argus lifted their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a "buy" rating in a report on Monday, September 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,067.19.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the business's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares of the company's stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the executive vice president directly owned 2,362 shares of the company's stock, 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. In the last 90 days, insiders have sold 7,981 shares of company stock valued at $7,588,685. Corporate insiders own 0.18% of the company's stock.

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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