Costco Wholesale Corporation $COST Shares Bought by Alpine Bank Wealth Management

Alpine Bank Wealth Management grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 952 shares of the retailer’s stock after acquiring an additional 41 shares during the quarter. Alpine Bank Wealth Management’s holdings in Costco Wholesale were worth $942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of COST. Brighton Jones LLC increased its stake in shares of Costco Wholesale by 12.3% during the 4th 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 increased its stake in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares during the last quarter. Cerro Pacific Wealth Advisors LLC increased its stake in shares of Costco Wholesale by 1.5% during the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 8,285 shares of the retailer’s stock valued at $7,591,000 after acquiring an additional 119 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Costco Wholesale by 6.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 9,447 shares of the retailer’s stock valued at $8,935,000 after acquiring an additional 581 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC increased its stake in shares of Costco Wholesale by 9.3% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 564 shares of the retailer’s stock valued at $533,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday. JPMorgan Chase & Co. dropped their target price on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research report on Friday. Oppenheimer reissued an “outperform” rating and set a $1,130.00 target price on shares of Costco Wholesale in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Wednesday, September 24th. Finally, Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,069.58.

Costco Wholesale Stock Down 2.9%

NASDAQ COST opened at $915.95 on Monday. The stock has a market cap of $406.21 billion, a PE ratio of 50.30, a P/E/G ratio of 5.15 and a beta of 0.97. Costco Wholesale Corporation has a fifty-two week low of $867.16 and a fifty-two week high of $1,078.23. The business has a 50 day moving average price of $955.70 and a two-hundred day moving average price of $971.63. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.15 EPS. As a group, sell-side analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Insider Buying and Selling

In other Costco Wholesale 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 value of $595,230.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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.