Quantum Financial Advisors LLC Lowers Stock Position in Costco Wholesale Corporation $COST

Quantum Financial Advisors LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 17.1% in the second quarter, Holdings Channel reports. The institutional investor owned 803 shares of the retailer’s stock after selling 166 shares during the period. Quantum Financial Advisors LLC’s holdings in Costco Wholesale were worth $795,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Bulwark Capital Corp purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at approximately $25,000. Anderson Financial Strategies LLC lifted its holdings in 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 purchasing an additional 36 shares in the last quarter. eCIO Inc. acquired a new stake in shares of Costco Wholesale in the first quarter valued at about $48,000. Aspect Partners LLC increased its stake in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after purchasing an additional 11 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on COST shares. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a report on Thursday, May 29th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Loop Capital decreased their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. upped their target price on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Wolfe Research started coverage on shares of Costco Wholesale in a research note on Thursday. They issued a “peer perform” rating on the stock. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,056.67.

Insider Buying and Selling

In related news, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

Shares of COST opened at $951.16 on Friday. The firm has a market capitalization of $421.82 billion, a price-to-earnings ratio of 53.95, a PEG ratio of 5.34 and a beta of 0.97. The firm’s fifty day simple moving average is $957.97 and its 200-day simple moving average is $971.70. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Costco Wholesale Dividend Announcement

The firm also recently announced 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 payout ratio is presently 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.