CFM Wealth Partners LLC Raises Stake in Costco Wholesale Corporation $COST

CFM Wealth Partners LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 12,151 shares of the retailer’s stock after acquiring an additional 263 shares during the period. Costco Wholesale accounts for about 1.9% of CFM Wealth Partners LLC’s portfolio, making the stock its 13th biggest holding. CFM Wealth Partners LLC’s holdings in Costco Wholesale were worth $12,028,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COST. Corps Capital Advisors LLC lifted its position in Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after acquiring an additional 10 shares during the period. Covestor Ltd increased its holdings 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 purchasing an additional 10 shares during the period. Farrell Financial LLC raised its stake in shares of Costco Wholesale by 2.2% during the first quarter. Farrell Financial LLC now owns 522 shares of the retailer’s stock worth $493,000 after purchasing an additional 11 shares during the last quarter. Western Pacific Wealth Management LP raised its stake in shares of Costco Wholesale by 0.5% during the first quarter. Western Pacific Wealth Management LP now owns 2,035 shares of the retailer’s stock worth $1,925,000 after purchasing an additional 11 shares during the last quarter. Finally, MOKAN Wealth Management Inc. lifted its holdings in shares of 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 purchasing an additional 11 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.5%

Shares of NASDAQ COST opened at $910.94 on Tuesday. The stock has a market capitalization of $403.98 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a 52 week low of $867.34 and a 52 week high of $1,078.23. The firm has a 50-day moving average price of $953.08 and a 200 day moving average price of $972.16. 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 (NASDAQ:COST) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share 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 analyst estimates of $86.01 billion. During the same period in the prior year, the business posted $5.15 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on COST shares. Sanford C. Bernstein boosted their price objective on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Wolfe Research assumed coverage on shares of Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating on the stock. Roth Capital set a $907.00 price target on shares of Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Finally, 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 report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Activity at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Teresa A. Jones sold 600 shares of the company’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 sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock valued at $7,588,685 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.