Costco Wholesale Corporation $COST Shares Acquired by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,638 shares of the retailer’s stock after buying an additional 53 shares during the period. Costco Wholesale accounts for about 4.0% of Independent Solutions Wealth Management LLC’s holdings, making the stock its biggest holding. Independent Solutions Wealth Management LLC’s holdings in Costco Wholesale were worth $20,430,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of COST. Brighton Jones LLC raised its position in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the period. NewSquare Capital LLC grew its holdings in shares of Costco Wholesale by 354.3% in the first quarter. NewSquare Capital LLC now owns 159 shares of the retailer’s stock valued at $151,000 after purchasing an additional 124 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 17.2% in the first quarter. Pallas Capital Advisors LLC now owns 12,270 shares of the retailer’s stock valued at $11,605,000 after purchasing an additional 1,800 shares during the period. Finally, Tounjian Advisory Partners LLC purchased a new stake in shares of Costco Wholesale in the first quarter valued at about $3,093,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on COST shares. Evercore ISI dropped their price objective on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. Wolfe Research started coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating for the company. Citigroup dropped their price objective 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 research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,067.19.

Insider Activity

In other news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total value 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 trade represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,981 shares of company stock valued at $7,588,685. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 0.4%

Shares of COST stock opened at $914.80 on Wednesday. The company has a 50-day moving average of $952.69 and a two-hundred day moving average of $971.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The firm has a market cap of $405.70 billion, a PE ratio of 50.24, a price-to-earnings-growth ratio of 5.52 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 EPS for the quarter, beating 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 business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same quarter last year, the firm posted $5.15 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

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. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.