Vivid Wealth Management LLC Sells 272 Shares of Costco Wholesale Corporation $COST

Vivid Wealth Management LLC cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 10.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,427 shares of the retailer’s stock after selling 272 shares during the period. Vivid Wealth Management LLC’s holdings in Costco Wholesale were worth $2,402,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in COST. Nuveen LLC bought a new stake in Costco Wholesale during the 1st quarter worth $3,461,159,000. Kingstone Capital Partners Texas LLC grew its holdings in shares of Costco Wholesale by 418,980.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock worth $2,335,686,000 after purchasing an additional 2,358,859 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Costco Wholesale by 1.0% in the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after buying an additional 443,101 shares during the period. National Bank of Canada FI raised its holdings in Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after buying an additional 370,806 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in Costco Wholesale by 2,369.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock worth $320,036,000 after buying an additional 310,197 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. The Goldman Sachs Group lifted their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Mizuho cut their price objective on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Truist Financial decreased their target price 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. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,066.23.

Costco Wholesale Stock Performance

Shares of COST opened at $930.01 on Friday. The stock has a 50-day moving average of $952.05 and a 200-day moving average of $971.48. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. 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 company has a market cap of $412.16 billion, a PE ratio of 51.07, a P/E/G ratio of 5.72 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating 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%.The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.15 earnings per share. On average, equities research analysts predict 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. Shareholders of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is presently 28.56%.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Yoram Rubanenko sold 4,000 shares of the business’s 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 completion of the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 7,981 shares of company stock valued at $7,588,685. Corporate 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.