Invictus Private Wealth LLC Has $51.96 Million Stock Holdings in Costco Wholesale Corporation $COST

Key Points

• Invictus Private Wealth LLC has increased its stake in Costco Wholesale Corporation by 0.6%, now holding approximately $51.96 million in stock, representing 3.6% of its portfolio.
• Costco reported quarterly earnings of $5.87 per share, exceeding estimates, with revenue of $86.16 billion, a year-over-year growth of 8.1%.
• Several analysts have adjusted their price targets for Costco, with a consensus price target of $1,066.23 and a rating of "Moderate Buy".

Invictus Private Wealth LLC lifted its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,492 shares of the retailer's stock after buying an additional 338 shares during the period. Costco Wholesale comprises 3.6% of Invictus Private Wealth LLC's portfolio, making the stock its 7th biggest holding. Invictus Private Wealth LLC's holdings in Costco Wholesale were worth $51,964,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale in the second quarter valued at about $25,000. Anderson Financial Strategies LLC lifted 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 during the period. eCIO Inc. bought a new stake in shares of Costco Wholesale in the first quarter valued at about $48,000. Aspect Partners LLC lifted 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 during the period. Finally, Ransom Advisory Ltd bought a new stake in shares of Costco Wholesale in the first quarter valued at about $61,000. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $930.01 on Friday. The firm has a market cap of $412.16 billion, a price-to-earnings ratio of 51.07, a PEG ratio of 5.64 and a beta of 0.98. The company has a 50 day moving average of $952.05 and a 200-day moving average of $971.77. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23.

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, topping the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $5.15 earnings per share. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on COST. Jefferies Financial Group reiterated a "buy" rating on shares of Costco Wholesale in a research note on Thursday. Morgan Stanley cut their price target on shares of 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. Evercore ISI cut their price target on shares of 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. Oppenheimer restated an "outperform" rating and set a $1,130.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Finally, Erste Group Bank cut shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,066.23.

Insider Transactions at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the firm's stock in a transaction that occurred on 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 owned 2,362 shares of the company's stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,981 shares of company stock valued at $7,588,685. Corporate insiders own 0.18% of the company's stock.

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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