Costco Wholesale Corporation $COST Shares Purchased by Little House Capital LLC

Key Points

• Little House Capital LLC increased its stake in Costco by 14.6% in Q2 2023, owning 4,617 shares valued at $4.57 million by the end of the reporting period.
• Insider transactions included a 20.26% decrease in position for EVP Teresa A. Jones, who sold 600 shares averaging $992.05 each, and a 4.53% decrease for Director Susan L. Decker, who sold 547 shares at $980 each.
• Costco's stock has a PE ratio of 54.46 and a market cap of $425.79 billion, with a recent quarterly dividend of $1.30 leading to an annualized yield of 0.5%.

Little House Capital LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 14.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 4,617 shares of the retailer's stock after acquiring an additional 587 shares during the quarter. Costco Wholesale comprises about 1.1% of Little House Capital LLC's portfolio, making the stock its 29th largest position. Little House Capital LLC's holdings in Costco Wholesale were worth $4,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Investment Management Corp VA ADV acquired a new stake in Costco Wholesale during the 4th quarter worth about $25,000. Anderson Financial Strategies LLC lifted its position in Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock worth $38,000 after acquiring an additional 36 shares during the period. eCIO Inc. acquired a new stake in Costco Wholesale during the 1st quarter worth about $48,000. Aspect Partners LLC lifted its position in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after acquiring an additional 11 shares during the period. Finally, Capital A Wealth Management LLC acquired a new stake in Costco Wholesale during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the sale, the director owned 11,531 shares of the company's stock, valued at approximately $11,300,380. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,147 shares of company stock worth $5,031,130. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $960.10 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The business has a 50-day moving average price of $959.76 and a 200 day moving average price of $973.69. The firm has a market cap of $425.79 billion, a PE ratio of 54.46, a P/E/G ratio of 5.45 and a beta of 0.97.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 1st. Costco Wholesale's payout ratio is currently 29.50%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Erste Group Bank lowered Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research note on Thursday, May 29th. Morgan Stanley lifted their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Evercore ISI reduced their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research note on Tuesday, June 17th. Finally, Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Seventeen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,056.67.

About Costco Wholesale

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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