Costco Wholesale Corporation $COST Shares Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,134 shares of the retailer’s stock after buying an additional 82 shares during the period. Portfolio Design Labs LLC’s holdings in Costco Wholesale were worth $1,123,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of COST. Covestor Ltd boosted its holdings in 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 in the last quarter. Luminist Capital LLC raised its holdings in Costco Wholesale by 9.4% during the first quarter. Luminist Capital LLC now owns 128 shares of the retailer’s stock worth $122,000 after purchasing an additional 11 shares in the last quarter. Birchbrook Inc. lifted its position in shares of Costco Wholesale by 2.5% during the 1st quarter. Birchbrook Inc. now owns 456 shares of the retailer’s stock worth $431,000 after buying an additional 11 shares during the last quarter. Ridgewood Investments LLC boosted its holdings in shares of Costco Wholesale by 7.4% in the 2nd quarter. Ridgewood Investments LLC now owns 159 shares of the retailer’s stock valued at $157,000 after buying an additional 11 shares in the last quarter. Finally, Wagner Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 3.4% in the 2nd quarter. Wagner Wealth Management LLC now owns 330 shares of the retailer’s stock valued at $326,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the transaction, the executive vice president directly owned 6,851 shares of the company’s stock, valued at approximately $6,410,343.68. The trade was a 28.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction on Friday, October 24th. The stock was 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 of the company’s stock, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,720 shares of company stock worth $9,010,257. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $911.96 on Tuesday. Costco Wholesale Corporation has a one year low of $871.71 and a one year high of $1,078.23. The stock has a market capitalization of $404.16 billion, a price-to-earnings ratio of 50.08, a PEG ratio of 5.54 and a beta of 0.98. The company has a 50-day simple moving average of $921.94 and a 200-day simple moving average of $958.18. 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 (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion for 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 business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $5.15 earnings per share. On average, analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

COST has been the topic of several research analyst reports. Evercore ISI cut their price target on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Truist Financial dropped their price objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Wolfe Research initiated coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Costco Wholesale in a research note on Monday, November 24th. Eighteen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,025.07.

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.