Childress Capital Advisors LLC Buys 101 Shares of Costco Wholesale Corporation $COST

Childress Capital Advisors LLC raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 7.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,384 shares of the retailer’s stock after acquiring an additional 101 shares during the period. Childress Capital Advisors LLC’s holdings in Costco Wholesale were worth $1,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bulwark Capital Corp purchased a new stake in Costco Wholesale in the second quarter worth $25,000. Anderson Financial Strategies LLC lifted its stake in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after acquiring an additional 36 shares during the period. eCIO Inc. purchased a new stake in Costco Wholesale in the first quarter worth $48,000. Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares during the period. Finally, Bank & Trust Co lifted its stake in Costco Wholesale by 20.4% in the first quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock worth $61,000 after acquiring an additional 11 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on COST. JPMorgan Chase & Co. decreased their price objective on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Daiwa Capital Markets decreased their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a report on Tuesday. Argus increased their price objective on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson reiterated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a report on Friday. Finally, Wolfe Research began coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating for the company. Eighteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,067.19.

Costco Wholesale Trading Up 1.0%

NASDAQ COST opened at $925.63 on Wednesday. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23. The stock has a market cap of $410.50 billion, a P/E ratio of 50.83, a P/E/G ratio of 5.59 and a beta of 0.97. The stock’s fifty day moving average price is $954.76 and its 200-day moving average price is $971.40. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion for the quarter, compared to analysts’ expectations 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. As a group, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given 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 dividend payout ratio (DPR) is 28.56%.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the stock in a transaction 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 sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction on Monday, July 14th. The shares were 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 $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

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.