111 Capital Has $4.96 Million Position in Costco Wholesale Corporation $COST

111 Capital boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,013 shares of the retailer’s stock after purchasing an additional 102 shares during the quarter. Costco Wholesale comprises 0.9% of 111 Capital’s portfolio, making the stock its 18th largest holding. 111 Capital’s holdings in Costco Wholesale were worth $4,963,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Corps Capital Advisors LLC grew its holdings in Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after buying an additional 10 shares during the last quarter. Covestor Ltd boosted its position in shares of Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. Farrell Financial LLC grew its stake in shares of Costco Wholesale by 2.2% in the first quarter. Farrell Financial LLC now owns 522 shares of the retailer’s stock worth $493,000 after acquiring an additional 11 shares during the last quarter. Western Pacific Wealth Management LP grew its stake in shares of Costco Wholesale by 0.5% in the first quarter. Western Pacific Wealth Management LP now owns 2,035 shares of the retailer’s stock worth $1,925,000 after acquiring an additional 11 shares during the last quarter. Finally, MOKAN Wealth Management Inc. increased its position in Costco Wholesale by 0.4% during the first quarter. MOKAN Wealth Management Inc. now owns 2,638 shares of the retailer’s stock worth $2,499,000 after acquiring an additional 11 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the sale, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $7,588,685 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on COST. 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. Daiwa Capital Markets cut their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a research note on Saturday, September 27th. DA Davidson restated a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Finally, The Goldman Sachs Group upped their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,067.19.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $915.38 on Friday. The business has a fifty day moving average of $953.54 and a 200-day moving average of $971.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The firm has a market cap of $405.95 billion, a PE ratio of 50.27, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data 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 return on equity of 30.09% and a net margin of 2.94%.The firm had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter in the prior year, the business earned $5.15 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given 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 of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

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.