Mission Creek Capital Partners Inc. Sells 106 Shares of Costco Wholesale Corporation $COST

Mission Creek Capital Partners Inc. decreased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,295 shares of the retailer’s stock after selling 106 shares during the quarter. Costco Wholesale makes up 1.5% of Mission Creek Capital Partners Inc.’s holdings, making the stock its 16th largest holding. Mission Creek Capital Partners Inc.’s holdings in Costco Wholesale were worth $6,899,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale during the fourth quarter valued at $25,000. Aspect Partners LLC grew its stake in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in Costco Wholesale during the 4th quarter worth $58,000. Mascagni Wealth Management Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $59,000. Finally, Bank & Trust Co raised its holdings in shares of Costco Wholesale by 20.4% in the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock valued at $61,000 after purchasing an additional 11 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick J. Callans sold 3,000 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the transaction, the executive vice president owned 58,543 shares in the company, valued at $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,147 shares of company stock valued at $10,067,740. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on COST shares. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Loop Capital lowered their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. JPMorgan Chase & Co. upped their price target on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Evercore ISI reduced their target price on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a research note on Tuesday, June 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, August 4th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,050.00.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $949.52 on Thursday. The company has a market capitalization of $421.09 billion, a PE ratio of 53.86, a price-to-earnings-growth ratio of 5.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The company’s fifty day moving average price is $967.76 and its 200 day moving average price is $983.35. Costco Wholesale Corporation has a 1 year low of $867.16 and a 1 year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. The company had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.Costco Wholesale’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.78 earnings per share. On average, research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. Costco Wholesale’s dividend payout ratio is currently 29.50%.

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.