W.H. Cornerstone Investments Inc. Has $4.06 Million Stock Position in Costco Wholesale Corporation $COST

W.H. Cornerstone Investments Inc. decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,098 shares of the retailer’s stock after selling 265 shares during the period. Costco Wholesale accounts for 2.6% of W.H. Cornerstone Investments Inc.’s portfolio, making the stock its 10th largest position. W.H. Cornerstone Investments Inc.’s holdings in Costco Wholesale were worth $4,057,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC grew 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 purchasing an additional 130 shares during the period. Parcion Private Wealth LLC lifted its holdings in Costco Wholesale by 2.9% during the 1st quarter. Parcion Private Wealth LLC now owns 5,470 shares of the retailer’s stock valued at $5,173,000 after purchasing an additional 155 shares during the last quarter. SeaBridge Investment Advisors LLC increased its holdings in shares of Costco Wholesale by 0.4% in the first quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after purchasing an additional 11 shares during the last quarter. Finally, Altman Advisors Inc. increased its stake in shares of Costco Wholesale by 2.2% during the first quarter. Altman Advisors Inc. now owns 2,110 shares of the retailer’s stock worth $2,099,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William Richard Wilcox sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $930.13, for a total transaction of $2,232,312.00. Following the completion of the transaction, the executive vice president directly owned 2,000 shares of the company’s stock, valued at $1,860,260. This trade represents a 54.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,320 shares of company stock worth $9,605,487 over the last ninety days. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Up 0.7%

Shares of COST stock traded up $6.06 during mid-day trading on Thursday, hitting $920.06. The company’s stock had a trading volume of 309,989 shares, compared to its average volume of 2,253,896. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23. The business has a 50-day moving average price of $936.35 and a 200 day moving average price of $967.41. The stock has a market cap of $407.75 billion, a price-to-earnings ratio of 50.60, a PEG ratio of 5.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $5.15 earnings per share. Research analysts predict 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 will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s payout ratio is currently 28.56%.

Wall Street Analyst Weigh In

COST has been the topic of several analyst reports. DA Davidson reissued a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a report on Friday, September 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Truist Financial cut 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. Oppenheimer reduced their target price on shares of Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold 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 $1,063.88.

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.