GenTrust LLC Has $726,000 Holdings in Costco Wholesale Corporation $COST

Key Points

• GenTrust LLC has significantly reduced its holdings in Costco by 76.0%, now owning 733 shares worth $726,000 after selling 2,327 shares in the second quarter.
• Costco's stock recently reported $5.87 EPS, exceeding analysts' estimates, and its revenue was up 8.1% year-over-year.
• The company will distribute a quarterly dividend of $1.30 per share on November 14th, representing a dividend yield of 0.6%.

GenTrust LLC cut its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 76.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 733 shares of the retailer's stock after selling 2,327 shares during the quarter. GenTrust LLC's holdings in Costco Wholesale were worth $726,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bulwark Capital Corp bought a new stake in Costco Wholesale in the 2nd quarter valued at $25,000. Anderson Financial Strategies LLC boosted its stake in Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock valued at $38,000 after purchasing an additional 36 shares during the period. Financial Connections Group Inc. boosted its stake in Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer's stock valued at $42,000 after purchasing an additional 39 shares during the period. Frazier Financial Advisors LLC raised its holdings in shares of Costco Wholesale by 72.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer's stock worth $43,000 after buying an additional 18 shares in the last quarter. Finally, eCIO Inc. acquired a new position in shares of Costco Wholesale during the 1st quarter worth $48,000. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Teresa A. Jones sold 600 shares of the 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 of the company's stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Russell D. Miller sold 3,381 shares of the firm's stock in a transaction on 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 $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Costco Wholesale Stock Down 0.3%

COST stock opened at $942.05 on Friday. 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 firm has a market capitalization of $417.50 billion, a PE ratio of 51.73, a P/E/G ratio of 5.73 and a beta of 0.98. The stock's 50 day moving average is $946.03 and its 200-day moving average is $971.51. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts' consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale's revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $5.15 earnings per share. Sell-side analysts expect 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 will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale's dividend payout ratio (DPR) is presently 28.56%.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. The Goldman Sachs Group upped their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Morgan Stanley decreased their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an "overweight" rating for the company in a research note on Friday, September 26th. Argus increased their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Evercore ISI cut their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an "outperform" rating on the stock in a report on Friday, September 26th. Finally, Mizuho cut their price target on Costco Wholesale from $975.00 to $950.00 and set a "neutral" rating on the stock in a report on Thursday, October 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,068.15.

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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