Costco Wholesale Corporation $COST Shares Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,799 shares of the retailer’s stock after purchasing an additional 312 shares during the period. Wealthspire Advisors LLC’s holdings in Costco Wholesale were worth $15,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bulwark Capital Corp acquired a new stake in Costco Wholesale during the 2nd quarter worth about $25,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Costco Wholesale in the second quarter worth approximately $31,000. Anderson Financial Strategies LLC raised its holdings in shares of Costco Wholesale by 900.0% during the first 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 period. Financial Connections Group Inc. raised its holdings in shares of Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after acquiring an additional 39 shares during the period. Finally, Frazier Financial Advisors LLC lifted its position in shares of Costco Wholesale by 72.0% in the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the transaction, the insider owned 5,155 shares in the company, valued at $4,817,966.10. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William Richard Wilcox sold 2,400 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $930.13, for a total transaction of $2,232,312.00. Following the transaction, the executive vice president owned 2,000 shares in the company, valued at $1,860,260. This represents a 54.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 9,720 shares of company stock valued at $9,010,257. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Daiwa Capital Markets dropped their price target on 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 objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Finally, Hovde Group assumed coverage on Costco Wholesale in a research note on Tuesday. They set a “market perform” rating and a $16.00 target price on the stock. Nineteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,025.07.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $895.08 on Wednesday. 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 one year low of $871.71 and a one year high of $1,078.23. The business’s 50-day moving average price is $932.06 and its two-hundred day moving average price is $964.95. The company has a market capitalization of $396.68 billion, a P/E ratio of 49.15, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98.

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

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a $1.30 dividend. The ex-dividend date was Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s payout ratio is 28.56%.

Costco Wholesale 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.