Prosperity Consulting Group LLC Sells 69 Shares of Costco Wholesale Corporation $COST

Prosperity Consulting Group LLC decreased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,321 shares of the retailer’s stock after selling 69 shares during the quarter. Costco Wholesale makes up 0.8% of Prosperity Consulting Group LLC’s portfolio, making the stock its 27th largest position. Prosperity Consulting Group LLC’s holdings in Costco Wholesale were worth $11,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Costco Wholesale during the 1st quarter valued at $3,461,159,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of Costco Wholesale by 418,980.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after acquiring an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Costco Wholesale by 1.0% in the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after acquiring an additional 443,101 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Costco Wholesale by 84.0% in the first quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after acquiring an additional 370,806 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Costco Wholesale by 2,369.5% in the second quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock valued at $320,036,000 after acquiring an additional 310,197 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.8%

Costco Wholesale stock opened at $928.04 on Tuesday. 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 52 week low of $871.71 and a 52 week high of $1,078.23. The business’s 50-day moving average price is $939.26 and its 200 day moving average price is $969.95. The firm has a market cap of $411.29 billion, a price-to-earnings ratio of 50.96, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98.

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, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter last year, the company earned $5.15 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $1.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on COST shares. Sanford C. Bernstein boosted their price target on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a report on Friday, September 26th. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Wolfe Research began coverage on shares of Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating for the company. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,065.08.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction on Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following 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 position. The sale 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 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 directly owned 5,155 shares in the company, valued at $4,817,966.10. This trade represents a 19.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 7,920 shares of company stock valued at $7,373,175. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale 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.