Yousif Capital Management LLC Sells 646 Shares of Costco Wholesale Corporation $COST

Key Points

• Yousif Capital Management LLC reduced its stake in Costco by 1.1%, selling 646 shares and now holds 58,059 shares worth approximately $57.5 million.
• Costco's recent earnings showed a **0.6% increase** in stock value with an EPS of $5.87, surpassing estimates and reflecting an 8.1% year-over-year revenue growth.
• Investment analysts express a **"Moderate Buy"** consensus rating for Costco, with average price targets ranging from $990 to $1,130 across various institutions.

Yousif Capital Management LLC decreased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,059 shares of the retailer's stock after selling 646 shares during the quarter. Costco Wholesale makes up 0.6% of Yousif Capital Management LLC's portfolio, making the stock its 16th largest position. Yousif Capital Management LLC's holdings in Costco Wholesale were worth $57,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fishman Jay A Ltd. MI lifted its holdings in Costco Wholesale by 3.5% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer's stock valued at $16,718,000 after buying an additional 575 shares in the last quarter. Independent Solutions Wealth Management LLC raised its holdings in shares of Costco Wholesale by 0.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer's stock valued at $20,430,000 after purchasing an additional 53 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Costco Wholesale by 12.4% in the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after purchasing an additional 167 shares in the last quarter. Graybill Wealth Management LTD. bought a new stake in shares of Costco Wholesale in the 1st quarter valued at about $3,095,000. Finally, Rossmore Private Capital raised its holdings in shares of Costco Wholesale by 0.9% in the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock valued at $6,325,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent research reports. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday, September 24th. JPMorgan Chase & Co. reduced their price target on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an "overweight" rating for the company in a report on Friday, September 26th. Oppenheimer restated an "outperform" rating and issued a $1,130.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Citigroup reduced their price target on shares of Costco Wholesale from $1,065.00 to $990.00 and set a "neutral" rating for the company in a report on Monday, September 29th. Finally, Erste Group Bank lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,066.23.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the transaction, the executive vice president owned 9,740 shares of the company's stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Costco Wholesale Stock Up 0.6%

NASDAQ:COST opened at $935.56 on Tuesday. The company has a market cap of $414.62 billion, a PE ratio of 51.38, a P/E/G ratio of 5.64 and a beta of 0.98. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $951.65 and its two-hundred day moving average is $972.04.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $5.15 EPS. Analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.