R Squared Ltd Buys New Shares in Costco Wholesale Corporation $COST

R Squared Ltd bought a new position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,510 shares of the retailer's stock, valued at approximately $1,413,000. Costco Wholesale comprises 0.7% of R Squared Ltd's portfolio, making the stock its 15th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Costco Wholesale in the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $28,000. Lifetime Wealth Management P.C. purchased a new stake in Costco Wholesale in the fourth quarter valued at approximately $28,000. Manning & Napier Advisors LLC boosted its position in Costco Wholesale by 750.0% in the first quarter. Manning & Napier Advisors LLC now owns 34 shares of the retailer's stock valued at $34,000 after buying an additional 30 shares during the last quarter. Finally, Entrust Financial LLC acquired a new position in Costco Wholesale in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of the firm's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director owned 4,779 shares in the company, valued at approximately $4,575,653.55. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company's stock.

Costco Wholesale Trading Up 2.5%

Shares of NASDAQ:COST opened at $971.40 on Tuesday. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50. The company has a market capitalization of $430.80 billion, a PE ratio of 48.86, a PEG ratio of 4.51 and a beta of 0.87. The business has a 50 day moving average of $946.98 and a two-hundred day moving average of $980.99. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing the consensus estimate of $4.94 by ($0.01). The company had revenue of $70.53 billion during the quarter, compared to analysts' expectations of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same quarter in the prior year, the company posted $4.28 EPS. As a group, analysts forecast that Costco Wholesale Corporation will post 20.42 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale's dividend payout ratio is 29.58%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. BTIG Research reissued a "buy" rating and set a $1,125.00 price target on shares of Costco Wholesale in a research report on Friday, May 29th. Royal Bank Of Canada started coverage on shares of Costco Wholesale in a research note on Monday, July 13th. They issued a "sector perform" rating and a $1,000.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. TD Cowen restated a "buy" rating and set a $1,175.00 target price on shares of Costco Wholesale in a research report on Wednesday, June 3rd. Finally, Mizuho set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, June 1st. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,059.53.

Costco Wholesale Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company's product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco's business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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