Nwam LLC Acquires 485 Shares of Costco Wholesale Corporation $COST

Nwam LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,231 shares of the retailer’s stock after purchasing an additional 485 shares during the period. Costco Wholesale comprises approximately 1.7% of Nwam LLC’s investment portfolio, making the stock its 9th biggest holding. Nwam LLC’s holdings in Costco Wholesale were worth $20,729,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares in the last quarter. Bleakley Financial Group LLC grew its position in Costco Wholesale by 4.1% during the first quarter. Bleakley Financial Group LLC now owns 11,390 shares of the retailer’s stock valued at $10,772,000 after buying an additional 449 shares during the period. Gould Asset Management LLC CA increased its holdings in Costco Wholesale by 2.7% in the first quarter. Gould Asset Management LLC CA now owns 1,869 shares of the retailer’s stock valued at $1,768,000 after buying an additional 50 shares in the last quarter. Finally, Florida Financial Advisors LLC raised its position in shares of Costco Wholesale by 90.9% in the first quarter. Florida Financial Advisors LLC now owns 2,132 shares of the retailer’s stock worth $2,018,000 after acquiring an additional 1,015 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the firm’s stock in a transaction that occurred 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 $6,410,343.68. This trade represents a 28.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tiffany Marie Barbre sold 1,239 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the transaction, the insider owned 5,155 shares in the company, valued at approximately $4,817,966.10. This represents a 19.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 7,920 shares of company stock valued at $7,373,175. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $915.56 on Tuesday. 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 $871.71 and a 1 year high of $1,078.23. The firm has a market capitalization of $405.76 billion, a PE ratio of 50.28, a P/E/G ratio of 5.54 and a beta of 0.98. The business’s 50 day moving average price is $937.57 and its 200-day moving average price is $968.23.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same quarter last year, the firm posted $5.15 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts expect 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 will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

Analyst Upgrades and Downgrades

COST has been the topic of several recent analyst reports. Truist Financial dropped their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Roth Capital set a $907.00 price target on Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Costco Wholesale in a research report on Wednesday, October 8th. Citigroup reduced their target price on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Daiwa Capital Markets dropped their price target on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. 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 presently has an average rating of “Moderate Buy” and a consensus price target of $1,063.88.

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.