MGO Private Wealth LLC Has $785,000 Stock Position in Costco Wholesale Corporation $COST

MGO Private Wealth LLC lifted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 793 shares of the retailer’s stock after buying an additional 20 shares during the period. MGO Private Wealth LLC’s holdings in Costco Wholesale were worth $785,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares in the last quarter. Vest Financial LLC increased its holdings in Costco Wholesale by 961.7% in the 1st quarter. Vest Financial LLC now owns 23,146 shares of the retailer’s stock worth $21,891,000 after purchasing an additional 20,966 shares in the last quarter. Signal Advisors Wealth LLC increased its holdings in Costco Wholesale by 52.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,744 shares of the retailer’s stock worth $1,649,000 after purchasing an additional 603 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its holdings in Costco Wholesale by 0.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,727 shares of the retailer’s stock worth $1,634,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction dated Monday, September 29th. The stock was 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 directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Daiwa Capital Markets decreased their price target on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Oppenheimer reissued an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. The Goldman Sachs Group increased their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, Truist Financial decreased their price target 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. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,067.19.

Costco Wholesale Stock Down 0.2%

Shares of NASDAQ:COST opened at $915.38 on Friday. The stock has a market cap of $405.95 billion, a price-to-earnings ratio of 50.27, a PEG ratio of 5.55 and a beta of 0.98. 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 Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. The business’s 50 day moving average is $953.54 and its 200 day moving average is $971.61.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The business 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%.Costco Wholesale’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $5.15 earnings per share. On average, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

About Costco Wholesale

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.