Traveka Wealth LLC Boosts Stake in Costco Wholesale Corporation $COST

Traveka Wealth LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 0.9% in the 2nd quarter, Holdings Channel reports. The firm owned 1,843 shares of the retailer’s stock after acquiring an additional 16 shares during the period. Traveka Wealth LLC’s holdings in Costco Wholesale were worth $1,825,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of COST. Brighton Jones LLC increased its position in Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the period. Mascagni Wealth Management Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth about $59,000. Fire Capital Management LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $1,223,000. Finally, Milestone Asset Management Group LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $1,085,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, EVP Yoram Rubanenko sold 4,000 shares of the 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 sale, the executive vice president directly owned 5,774 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Loop Capital dropped their price objective on 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. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research note on Thursday, May 29th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Wednesday. Truist Financial boosted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. boosted their target price on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,061.30.

Costco Wholesale Trading Down 0.2%

Shares of NASDAQ COST 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. The business’s 50 day moving average price is $956.40 and its 200-day moving average price is $970.87. Costco Wholesale Corporation has a fifty-two week low of $867.16 and a fifty-two week high of $1,078.23. The company has a market cap of $418.34 billion, a price-to-earnings ratio of 53.51, a PEG 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 for the quarter, topping 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 the consensus estimate of $86.01 billion. During the same period in the prior year, the business posted $5.15 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 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.