Fairvoy Private Wealth LLC Boosts Stake in Costco Wholesale Corporation $COST

Fairvoy Private Wealth LLC lifted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,322 shares of the retailer’s stock after purchasing an additional 237 shares during the period. Costco Wholesale accounts for approximately 1.1% of Fairvoy Private Wealth LLC’s holdings, making the stock its 26th largest position. Fairvoy Private Wealth LLC’s holdings in Costco Wholesale were worth $4,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bulwark Capital Corp purchased a new stake in Costco Wholesale in the 2nd quarter worth $25,000. Anderson Financial Strategies LLC increased its stake in Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares in the last quarter. eCIO Inc. purchased a new stake in Costco Wholesale in the 1st quarter worth $48,000. Aspect Partners LLC increased its stake in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after buying an additional 11 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in Costco Wholesale in the 1st quarter worth $61,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.2%

COST opened at $915.38 on Friday. The firm has a market cap of $405.95 billion, a P/E ratio of 50.27, a P/E/G ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $953.54 and a 200 day moving average of $971.15.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. The company 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 quarter last year, the business posted $5.15 earnings per share. As a group, research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Analyst Ratings Changes

A number of brokerages have issued reports on COST. Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Evercore ISI cut their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Truist Financial cut 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 report on Friday, September 26th. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Sanford C. Bernstein raised their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,067.19.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock valued at $7,588,685 over the last 90 days. 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.