TFR Capital LLC. Increases Stake in Costco Wholesale Corporation $COST

TFR Capital LLC. increased its holdings in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,977 shares of the retailer’s stock after purchasing an additional 163 shares during the period. Costco Wholesale makes up about 2.1% of TFR Capital LLC.’s holdings, making the stock its 12th biggest holding. TFR Capital LLC.’s holdings in Costco Wholesale were worth $5,917,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in COST. Bulwark Capital Corp purchased a new stake in Costco Wholesale during the 2nd quarter valued at $25,000. Anderson Financial Strategies LLC boosted its position in Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after buying an additional 36 shares during the period. eCIO Inc. purchased a new stake in Costco Wholesale during the 1st quarter valued at $48,000. Aspect Partners LLC boosted its position in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after buying an additional 11 shares during the period. Finally, Ransom Advisory Ltd purchased a new stake in Costco Wholesale during the 1st quarter valued at $61,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 7,981 shares of company stock valued at $7,588,685 in the last three months. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday. 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. Evercore ISI dropped their price target 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. Truist Financial dropped their price target on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Finally, Argus raised their target price on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,066.23.

View Our Latest Report on COST

Costco Wholesale Trading Up 3.1%

NASDAQ:COST opened at $942.89 on Friday. The company has a 50-day moving average price of $952.50 and a 200-day moving average price of $971.48. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market cap of $418.15 billion, a price-to-earnings ratio of 51.78, a P/E/G ratio of 5.55 and a beta of 0.98.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same period last year, the company posted $5.15 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared 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. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

Costco Wholesale Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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