Orser Capital Management LLC Purchases New Stake in Costco Wholesale Corporation $COST

Orser Capital Management LLC acquired a new position in shares of Costco Wholesale Corporation (NASDAQ:COST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,441 shares of the retailer’s stock, valued at approximately $1,334,000.

Several other hedge funds have also recently bought and sold shares of the company. Luminist Capital LLC boosted its position in shares of Costco Wholesale by 9.4% during the 1st quarter. Luminist Capital LLC now owns 128 shares of the retailer’s stock worth $122,000 after acquiring an additional 11 shares in the last quarter. Birchbrook Inc. lifted its stake in Costco Wholesale by 2.5% during the first quarter. Birchbrook Inc. now owns 456 shares of the retailer’s stock worth $431,000 after purchasing an additional 11 shares during the last quarter. Ridgewood Investments LLC lifted its stake in Costco Wholesale by 7.4% during the second quarter. Ridgewood Investments LLC now owns 159 shares of the retailer’s stock worth $157,000 after purchasing an additional 11 shares during the last quarter. 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 purchasing an additional 11 shares in the last quarter. Finally, Hobbs Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 4.4% in the 2nd quarter. Hobbs Wealth Management LLC now owns 262 shares of the retailer’s stock valued at $259,000 after purchasing an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Claudine Adamo sold 2,700 shares of the 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 completion of the sale, the executive vice president owned 6,851 shares of the company’s stock, valued at $6,410,343.68. The trade was a 28.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,720 shares of company stock valued at $9,010,257. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Daiwa Capital Markets decreased their price target on Costco Wholesale from $947.00 to $917.00 and set a “neutral” rating on the stock in a research note on Tuesday. Evercore ISI reduced their price objective on 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 decreased their target price on Costco Wholesale from $1,033.00 to $926.00 and set a “hold” rating on the stock in a research report on Friday, December 12th. Cowen reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, December 12th. Finally, Roth Capital set a $769.00 price target on shares of Costco Wholesale and gave the company a “sell” rating in a research note on Monday. Eighteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $991.39.

Costco Wholesale Price Performance

Shares of COST opened at $862.65 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. The stock has a market cap of $382.98 billion, a PE ratio of 46.21, a PEG ratio of 5.16 and a beta of 1.00. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,078.23. The business has a 50-day simple moving average of $913.08 and a two-hundred day simple moving average of $947.23.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.07. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The company had revenue of $67.31 billion for the quarter, compared to analysts’ expectations of $67.03 billion. During the same period in the previous year, the business posted $4.04 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st 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 of this dividend was Friday, October 31st. Costco Wholesale’s payout ratio is presently 27.85%.

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.