Elevate Capital Advisors LLC Sells 181 Shares of Costco Wholesale Corporation $COST

Elevate Capital Advisors LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925 shares of the retailer’s stock after selling 181 shares during the quarter. Elevate Capital Advisors LLC’s holdings in Costco Wholesale were worth $916,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Corps Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 0.7% in the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after acquiring an additional 10 shares in the last quarter. Covestor Ltd boosted its position in Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after purchasing an additional 10 shares during the last quarter. Farrell Financial LLC grew its stake in Costco Wholesale by 2.2% in the 1st quarter. Farrell Financial LLC now owns 522 shares of the retailer’s stock valued at $493,000 after purchasing an additional 11 shares during the period. Western Pacific Wealth Management LP increased its position in shares of Costco Wholesale by 0.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 2,035 shares of the retailer’s stock valued at $1,925,000 after purchasing an additional 11 shares during the last quarter. Finally, MOKAN Wealth Management Inc. raised its stake in shares of Costco Wholesale by 0.4% during the 1st quarter. MOKAN Wealth Management Inc. now owns 2,638 shares of the retailer’s stock worth $2,499,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COST has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Evercore ISI reduced their target price on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Morgan Stanley lowered their price target on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Finally, Sanford C. Bernstein increased their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Nineteen research 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 target price of $1,067.19.

Insider Activity

In related news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa A. Jones sold 600 shares of the business’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 sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $915.38 on Friday. The company’s fifty day moving average price is $953.54 and its 200-day moving average price is $971.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The firm has a market capitalization of $405.95 billion, a price-to-earnings ratio of 50.27, a PEG ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.15 EPS. On average, equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 28.56%.

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.