McAdam LLC Has $1.12 Million Holdings in Costco Wholesale Corporation $COST

McAdam LLC boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 39.3% in the second quarter, Holdings Channel reports. The firm owned 1,135 shares of the retailer’s stock after purchasing an additional 320 shares during the quarter. McAdam LLC’s holdings in Costco Wholesale were worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bulwark Capital Corp bought a new position in Costco Wholesale in the second quarter valued at about $25,000. Anderson Financial Strategies LLC grew its position in 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. eCIO Inc. bought a new position in Costco Wholesale in the first quarter valued at about $48,000. Aspect Partners LLC grew its position in 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. Finally, Mascagni Wealth Management Inc. bought a new position in Costco Wholesale in the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Teresa A. Jones sold 600 shares of the company’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 transaction of $595,230.00. Following the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COST. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a report on Thursday, May 29th. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday. Truist Financial upped their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Finally, Wolfe Research started coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,061.30.

Costco Wholesale Price Performance

Shares of COST opened at $943.31 on Friday. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. 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 business’s 50 day moving average price is $956.40 and its two-hundred day moving average price is $970.87. The firm has a market cap of $418.34 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of 5.31 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) 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 firm had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same period in the previous year, the firm earned $5.15 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 29.50%.

About Costco Wholesale

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.