Y.D. More Investments Ltd Acquires 535 Shares of Costco Wholesale Corporation $COST

Y.D. More Investments Ltd raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 64.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,371 shares of the retailer’s stock after purchasing an additional 535 shares during the quarter. Y.D. More Investments Ltd’s holdings in Costco Wholesale were worth $1,302,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COST. Corps Capital Advisors LLC grew its holdings in Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after acquiring an additional 10 shares during the last quarter. Covestor Ltd grew its stake in shares of Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after purchasing an additional 10 shares during the last quarter. Redwood Park Advisors LLC increased its holdings in shares of Costco Wholesale by 6.8% in the first quarter. Redwood Park Advisors LLC now owns 173 shares of the retailer’s stock valued at $163,000 after purchasing an additional 11 shares in the last quarter. Luminist Capital LLC raised its position in Costco Wholesale by 9.4% in the 1st quarter. Luminist Capital LLC now owns 128 shares of the retailer’s stock worth $122,000 after purchasing an additional 11 shares during the last quarter. Finally, Birchbrook Inc. lifted its holdings in Costco Wholesale by 2.5% during the 1st quarter. Birchbrook Inc. now owns 456 shares of the retailer’s stock worth $431,000 after buying an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $922.98 on Friday. The firm’s 50 day simple moving average is $934.93 and its 200 day simple moving average is $966.55. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23. The company has a market capitalization of $409.05 billion, a price-to-earnings ratio of 50.69, a P/E/G ratio of 5.54 and a beta of 0.98. 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 (NASDAQ:COST) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.15 earnings per share. As a group, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

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. The ex-dividend date was Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s payout ratio is currently 28.56%.

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the completion of the transaction, the executive vice president directly owned 6,851 shares in the company, valued at approximately $6,410,343.68. The trade was a 28.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 10,320 shares of company stock valued at $9,605,487. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of several research reports. Daiwa Capital Markets lowered their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Oppenheimer lowered their price objective on 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. Sanford C. Bernstein cut their target price on shares of Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. Truist Financial reduced their target price on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research note on Friday, September 26th. Finally, BTIG Research started coverage on shares of Costco Wholesale in a research report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price target for the company. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,063.88.

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.