Costco Wholesale Corporation $COST Shares Purchased by Strategies Wealth Advisors LLC

Key Points

• Strategies Wealth Advisors LLC increased its stake in Costco Wholesale Corporation by 109.4%, owning 2,551 shares worth approximately $2.4 million.
• Costco recently announced a quarterly dividend of $1.30, with a yield of 0.5% and a payout ratio of 29.50%.
• In insider trading news, Costco's EVP Patrick J. Callans sold 3,000 shares at an average price of $1,002.77, while another EVP, Yoram Rubanenko, sold 4,000 shares at $974.96.

Strategies Wealth Advisors LLC boosted its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 109.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,551 shares of the retailer's stock after buying an additional 1,333 shares during the period. Strategies Wealth Advisors LLC's holdings in Costco Wholesale were worth $2,412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new position in Costco Wholesale during the fourth quarter valued at about $25,000. Aspect Partners LLC boosted its stake in Costco Wholesale by 24.4% during 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. Capital A Wealth Management LLC bought a new position in Costco Wholesale during the fourth quarter valued at about $58,000. Mascagni Wealth Management Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $59,000. Finally, Bank & Trust Co boosted its position in shares of Costco Wholesale by 20.4% in the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock valued at $61,000 after purchasing an additional 11 shares during the period. Institutional investors own 68.48% of the company's stock.

Insiders Place Their Bets

In related news, EVP Patrick J. Callans sold 3,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the sale, the executive vice president owned 58,543 shares in the company, valued at approximately $58,705,164.11. This represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,547 shares of company stock valued at $9,472,510 in the last three months. Insiders own 0.18% of the company's stock.

Costco Wholesale Trading Down 2.5%

Shares of COST opened at $969.68 on Friday. The stock has a fifty day moving average price of $970.48 and a two-hundred day moving average price of $985.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. The company has a market cap of $430.03 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 6.18 and a beta of 0.96.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.The firm had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same quarter in the previous year, the company posted $3.78 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COST shares. Erste Group Bank lowered Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Truist Financial raised their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Loop Capital cut their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Morgan Stanley raised 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. Finally, Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a report on Thursday, May 29th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,050.00.

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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