Costco Wholesale Corporation $COST Stock Holdings Increased by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC increased its position in Costco Wholesale Corporation by 212.7% during the 2nd quarter, owning 8,200 shares worth approximately $8.12 million.
• Costco reported $86.16 billion in revenue for the latest quarter, exceeding analyst estimates and showcasing an 8.1% year-over-year growth.
• Analysts have mixed views on Costco's stock, with a consensus target price of $1,069.58 and ratings ranging from "Buy" to "Hold" across various brokerages.

GC Wealth Management RIA LLC raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 212.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,200 shares of the retailer's stock after buying an additional 5,578 shares during the quarter. Costco Wholesale comprises 0.7% of GC Wealth Management RIA LLC's portfolio, making the stock its 24th largest position. GC Wealth Management RIA LLC's holdings in Costco Wholesale were worth $8,118,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock valued at $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock worth $1,029,000 after acquiring an additional 130 shares during the last quarter. Cerro Pacific Wealth Advisors LLC increased its holdings in shares of Costco Wholesale by 1.5% in the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 8,285 shares of the retailer's stock worth $7,591,000 after acquiring an additional 119 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Costco Wholesale by 6.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 9,447 shares of the retailer's stock worth $8,935,000 after acquiring an additional 581 shares during the period. Finally, Aletheian Wealth Advisors LLC lifted its position in Costco Wholesale by 9.3% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 564 shares of the retailer's stock valued at $533,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $915.95 on Monday. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market cap of $406.21 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. The company's 50-day moving average price is $955.70 and its two-hundred day moving average price is $971.63.

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

Costco Wholesale Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on COST. Roth Capital set a $907.00 price target on shares of Costco Wholesale and gave the company a "neutral" rating in a research note on Friday. Morgan Stanley lowered their target price on Costco Wholesale from $1,225.00 to $1,130.00 and set an "overweight" rating on the stock in a research report on Friday. Truist Financial reduced their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a "hold" rating for the company in a research report on Friday. Oppenheimer reissued an "outperform" rating and issued a $1,130.00 price target on shares of Costco Wholesale in a research note on Friday. Finally, Sanford C. Bernstein lifted 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. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $1,069.58.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the business's stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company's stock, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale 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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