Regency Capital Management Inc. DE Sells 712 Shares of Costco Wholesale Corporation $COST

Regency Capital Management Inc. DE cut its stake in Costco Wholesale Corporation (NASDAQ:COST) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,992 shares of the retailer’s stock after selling 712 shares during the quarter. Costco Wholesale comprises approximately 7.3% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 2nd biggest position. Regency Capital Management Inc. DE’s holdings in Costco Wholesale were worth $13,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COST. Bulwark Capital Corp acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $25,000. Anderson Financial Strategies LLC lifted its holdings in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares during the last quarter. eCIO Inc. purchased a new position in Costco Wholesale in the first quarter worth approximately $48,000. Aspect Partners LLC increased its stake in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in Costco Wholesale in the first quarter valued at $61,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.5%

NASDAQ COST opened at $910.94 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The firm has a market cap of $403.98 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 5.55 and a beta of 0.98. The firm has a 50 day simple moving average of $953.08 and a 200-day simple moving average of $972.16. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $86.01 billion. During the same period in the prior year, the firm earned $5.15 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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

Insider Buying and Selling

In other news, 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 transaction, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, the executive vice president 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 disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock valued at $7,588,685 in the last three months. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COST has been the subject of a number of research analyst reports. Sanford C. Bernstein increased their price target on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Oppenheimer reaffirmed an “outperform” rating and set a $1,130.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Daiwa Capital Markets reduced 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. Wolfe Research assumed coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a report on Saturday, September 27th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

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.