Winthrop Advisory Group LLC increased its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 29.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,223 shares of the retailer's stock after purchasing an additional 278 shares during the period. Winthrop Advisory Group LLC's holdings in Costco Wholesale were worth $1,211,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in COST. Bulwark Capital Corp bought a new position in shares of Costco Wholesale in the 2nd quarter worth about $25,000. Anderson Financial Strategies LLC boosted its holdings in shares of Costco Wholesale by 900.0% during the 1st 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. purchased a new stake in shares of Costco Wholesale during the 1st quarter valued at about $48,000. Aspect Partners LLC boosted its holdings in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after acquiring an additional 11 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of Costco Wholesale during the 1st quarter valued at about $61,000. Hedge funds and other institutional investors own 68.48% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on COST shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Costco Wholesale in a report on Saturday, September 27th. Daiwa Capital Markets reduced their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 30th. Truist Financial reduced their price target on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a "hold" rating on the stock in a research report on Friday, September 26th. Roth Capital set a $907.00 price target on shares of Costco Wholesale and gave the stock a "neutral" rating in a research report on Friday, September 26th. Finally, DA Davidson reiterated a "neutral" rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,067.19.
View Our Latest Stock Report on Costco Wholesale
Insider Buying and Selling
In related news, EVP Yoram Rubanenko sold 4,000 shares of the company'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 sale, the executive vice president directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the 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 directly owned 2,362 shares of the company's stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,981 shares of company stock worth $7,588,685. Company insiders own 0.18% of the company's stock.
Costco Wholesale Price Performance
Costco Wholesale stock opened at $914.80 on Wednesday. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The company's fifty day moving average price is $952.69 and its 200 day moving average price is $971.76. The stock has a market capitalization of $405.70 billion, a P/E ratio of 50.24, a P/E/G ratio of 5.52 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST - Get Free Report) last announced 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. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company had revenue of $86.16 billion for the quarter, compared to analysts' expectations of $86.01 billion. During the same quarter in the previous year, the company posted $5.15 EPS. The firm's quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.
Costco Wholesale Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale's dividend payout ratio is presently 28.56%.
About Costco Wholesale
(
Free Report)
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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