Yousif Capital Management LLC Reduces Holdings in Costco Wholesale Corporation $COST

Yousif Capital Management LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 58,059 shares of the retailer’s stock after selling 646 shares during the period. Costco Wholesale accounts for 0.6% of Yousif Capital Management LLC’s holdings, making the stock its 16th largest position. Yousif Capital Management LLC’s holdings in Costco Wholesale were worth $57,475,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bulwark Capital Corp acquired a new stake in shares of Costco Wholesale during the second quarter valued at about $25,000. Anderson Financial Strategies LLC increased its position in shares of Costco Wholesale by 900.0% during 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% during 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 during the first quarter valued at about $48,000. Finally, Aspect Partners LLC increased its position in shares of Costco Wholesale by 24.4% during 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. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on COST shares. Mizuho dropped their price target on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a research report on Thursday. Sanford C. Bernstein lifted their price objective 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. DA Davidson restated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a report on Friday, September 26th. The Goldman Sachs Group lifted their price objective on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a report on Friday, September 26th. Nineteen investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,066.23.

Costco Wholesale Trading Up 0.6%

NASDAQ COST opened at $935.56 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 $867.34 and a 52 week high of $1,078.23. The stock has a market capitalization of $414.62 billion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 5.64 and a beta of 0.98. The firm has a 50 day moving average of $951.65 and a two-hundred day moving average of $972.04.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS 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 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 business posted $5.15 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. As a group, research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was 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 $8,912,100. This trade represents a 25.77% decrease in their position. 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.