Sacks & Associates LLC Takes $1.19 Million Position in Costco Wholesale Corporation $COST

Sacks & Associates LLC acquired a new position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,250 shares of the retailer's stock, valued at approximately $1,190,000. Costco Wholesale accounts for approximately 0.8% of Sacks & Associates LLC's investment portfolio, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $27,000. Lifetime Wealth Management P.C. bought a new position in Costco Wholesale in the fourth quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth $28,000. Entrust Financial LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $31,000. Finally, Joseph Group Capital Management bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $33,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COST shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,120.00 target price on shares of Costco Wholesale in a research note on Thursday, August 6th. Royal Bank Of Canada started coverage on Costco Wholesale in a research note on Monday, July 13th. They issued a "sector perform" rating and a $1,000.00 price target for the company. Bank of America increased their price target on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Mizuho set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, June 1st. Finally, DA Davidson restated a "neutral" rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Thursday, June 4th. Twenty-two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,059.53.

Insider Activity

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

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $971.40 on Tuesday. The firm has a market cap of $430.80 billion, a PE ratio of 48.86, a PEG ratio of 4.51 and a beta of 0.87. 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 Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a fifty day moving average price of $946.98 and a 200 day moving average price of $980.99.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.94 by ($0.01). The firm had revenue of $70.53 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $4.28 EPS. Research analysts predict that Costco Wholesale Corporation will post 20.42 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 7th. Investors of record on Friday, July 24th were issued a dividend of $1.47 per share. The ex-dividend date was Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale's dividend payout ratio (DPR) is presently 29.58%.

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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