Monument Capital Management Sells 41 Shares of Costco Wholesale Corporation $COST

Monument Capital Management lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 809 shares of the retailer’s stock after selling 41 shares during the period. Monument Capital Management’s holdings in Costco Wholesale were worth $801,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COST. Brighton Jones LLC increased its stake in Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Costco Wholesale by 13.1% in the 4th 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 last quarter. GAMMA Investing LLC increased its stake in shares of Costco Wholesale by 12.6% in the 1st quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock valued at $8,160,000 after purchasing an additional 966 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of Costco Wholesale by 16.6% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 407 shares of the retailer’s stock valued at $385,000 after purchasing an additional 58 shares during the last quarter. Finally, Thomasville National Bank increased its stake in shares of Costco Wholesale by 2.2% in the 1st quarter. Thomasville National Bank now owns 850 shares of the retailer’s stock valued at $804,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $595,230.00. Following the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction, the executive vice president directly owned 5,774 shares in the company, 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. In the last three months, insiders have sold 7,981 shares of company stock valued at $7,588,685. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Performance

COST stock opened at $930.01 on Friday. The stock has a 50-day moving average price of $952.05 and a 200-day moving average price of $971.48. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year 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 firm has a market cap of $412.16 billion, a PE ratio of 51.07, a price-to-earnings-growth ratio of 5.72 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data 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 30.09% and a net margin of 2.94%.The firm had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same period last year, the company posted $5.15 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid 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 is 28.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on COST shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday. Daiwa Capital Markets cut their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Evercore ISI cut their target price on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Thursday. Finally, Truist Financial cut their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,066.23.

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.