Venture Visionary Partners LLC Has $8.46 Million Stock Holdings in Costco Wholesale Corporation $COST

Key Points

• Venture Visionary Partners LLC increased its Costco Wholesale stock holdings to $8.46 million after acquiring an additional 383 shares in the second quarter.
• Costco's recent earnings report showed an EPS of $5.87 for the quarter, surpassing estimates, with revenue of $86.16 billion, an 8.1% increase year-over-year.
• Institutional investors control 68.48% of Costco's stock, reflecting significant investor confidence in the company.

Venture Visionary Partners LLC increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,547 shares of the retailer's stock after acquiring an additional 383 shares during the quarter. Venture Visionary Partners LLC's holdings in Costco Wholesale were worth $8,461,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in COST. Vanguard Group Inc. increased its holdings in Costco Wholesale by 1.0% in the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer's stock valued at $40,332,515,000 after purchasing an additional 443,101 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Costco Wholesale by 0.4% in the first quarter. Alliancebernstein L.P. now owns 4,332,009 shares of the retailer's stock worth $4,097,127,000 after acquiring an additional 18,045 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Costco Wholesale by 5.2% during the first quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer's stock worth $3,695,796,000 after buying an additional 191,985 shares in the last quarter. Nuveen LLC bought a new position in shares of Costco Wholesale during the first quarter worth about $3,461,159,000. Finally, Jennison Associates LLC grew its holdings in shares of Costco Wholesale by 3.9% during the first quarter. Jennison Associates LLC now owns 3,357,630 shares of the retailer's stock worth $3,175,579,000 after buying an additional 125,441 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was 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. The trade was a 40.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Costco Wholesale Trading Up 0.1%

NASDAQ COST opened at $916.87 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The company has a market cap of $406.61 billion, a price-to-earnings ratio of 50.35, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. The business's fifty day moving average is $955.08 and its 200 day moving average is $971.72.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion for 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%.The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $5.15 EPS. As a group, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Costco Wholesale from $1,160.00 to $1,050.00 and set an "overweight" rating for the company in a research report on Friday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 24th. The Goldman Sachs Group increased their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a "buy" rating in a research note on Friday. Morgan Stanley lowered their price objective on Costco Wholesale from $1,225.00 to $1,130.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Wolfe Research started coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a "peer perform" rating on the stock. Eighteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,072.00.

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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