AAFMAA Wealth Management & Trust LLC Has $1.91 Million Stock Holdings in Costco Wholesale Corporation $COST

AAFMAA Wealth Management & Trust LLC decreased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,929 shares of the retailer’s stock after selling 132 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Costco Wholesale were worth $1,910,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Personal CFO Solutions LLC lifted its holdings in shares of Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after buying an additional 167 shares in the last quarter. F&V Capital Management LLC bought a new position in Costco Wholesale during the first quarter worth about $236,000. Graybill Wealth Management LTD. acquired a new stake in Costco Wholesale in the 1st quarter worth about $3,095,000. Rossmore Private Capital boosted its holdings in Costco Wholesale by 0.9% in the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock valued at $6,325,000 after purchasing an additional 62 shares during the period. Finally, Curat Global LLC bought a new stake in Costco Wholesale in the 1st quarter valued at about $241,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on COST shares. Evercore ISI lowered their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a report on Tuesday, June 17th. Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Morgan Stanley upped their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their target price on 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 Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,061.30.

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 directly owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the firm’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 sale, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $943.31 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The stock has a market capitalization of $418.34 billion, a P/E ratio of 53.51, a price-to-earnings-growth ratio of 5.31 and a beta of 0.97. The stock has a fifty day moving average of $956.40 and a 200-day moving average of $970.87.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.The business had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same period last year, the firm posted $5.15 earnings per share. Costco Wholesale’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal 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 issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is 29.50%.

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.