Yarger Wealth Strategies LLC Has $734,000 Stock Position in Costco Wholesale Corporation $COST

Yarger Wealth Strategies LLC lifted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 6.9% during the second quarter, Holdings Channel.com reports. The fund owned 741 shares of the retailer’s stock after buying an additional 48 shares during the period. Yarger Wealth Strategies LLC’s holdings in Costco Wholesale were worth $734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of COST. Bulwark Capital Corp acquired a new stake in shares of Costco Wholesale in the second quarter valued at about $25,000. Anderson Financial Strategies LLC increased its position in shares of 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. Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after acquiring an additional 39 shares during the last quarter. eCIO Inc. acquired a new stake in shares of Costco Wholesale in the first quarter valued at about $48,000. Finally, Aspect Partners LLC increased its position in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.4%

Shares of NASDAQ:COST opened at $930.01 on Monday. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. The stock has a market cap of $412.16 billion, a PE ratio of 51.07, a P/E/G ratio of 5.64 and a beta of 0.98. The business has a 50 day moving average of $952.05 and a 200-day moving average of $972.00. 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 (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the company posted $5.15 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup reduced their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Wolfe Research assumed coverage on Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating for the company. Truist Financial reduced their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday, September 26th. Oppenheimer reiterated an “outperform” rating and set a $1,130.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Finally, DA Davidson reiterated a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,066.23.

Insider Activity at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.