ORG Partners LLC Has $3.56 Million Stock Holdings in Costco Wholesale Corporation $COST

Key Points

• ORG Partners LLC increased its stake in Costco Wholesale by 8.9% during Q2, owning a total of 3,610 shares worth $3.56 million, which accounts for 0.8% of its portfolio.
• Costco reported earnings of $5.87 per share for the last quarter, exceeding estimates, with an 8.1% year-over-year increase in revenue to $86.16 billion.
• The company recently declared a quarterly dividend of $1.30 per share, reflecting a 0.6% yield and a payout ratio of 28.56%.

ORG Partners LLC increased its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,610 shares of the retailer's stock after purchasing an additional 295 shares during the period. Costco Wholesale makes up 0.8% of ORG Partners LLC's portfolio, making the stock its 24th biggest position. ORG Partners LLC's holdings in Costco Wholesale were worth $3,560,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COST. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale during the second quarter valued at approximately $25,000. Anderson Financial Strategies LLC boosted its stake in 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 acquiring an additional 36 shares during the last quarter. eCIO Inc. acquired a new stake in Costco Wholesale in the first quarter worth $48,000. Aspect Partners LLC raised its holdings in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after purchasing an additional 11 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $59,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 2.9%

NASDAQ:COST opened at $915.95 on Friday. The firm's fifty day moving average is $955.70 and its 200-day moving average is $970.76. 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 firm has a market cap of $406.20 billion, a P/E ratio of 50.30, a P/E/G ratio of 5.30 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion for 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 31.10%. Costco Wholesale's revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $5.15 earnings per share. Equities analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

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

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, 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 transaction of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the company'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 transaction, the executive vice president 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 disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the company a "neutral" rating in a research report on Friday. Erste Group Bank cut shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Sanford C. Bernstein upped their price objective on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an "outperform" rating in a research report on Friday. Oppenheimer reissued an "outperform" rating and set a $1,130.00 target price on shares of Costco Wholesale in a report on Friday. Finally, DA Davidson reissued a "neutral" rating and set a $1,000.00 target price on shares of Costco Wholesale in a report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average target price of $1,069.58.

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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