Zullo Investment Group Inc. Purchases 14 Shares of Costco Wholesale Corporation $COST

Zullo Investment Group Inc. increased its position in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,924 shares of the retailer’s stock after purchasing an additional 14 shares during the quarter. Zullo Investment Group Inc.’s holdings in Costco Wholesale were worth $1,905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Fishman Jay A Ltd. MI lifted its holdings in Costco Wholesale by 3.5% during the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after buying an additional 575 shares during the period. Independent Solutions Wealth Management LLC lifted its holdings in Costco Wholesale by 0.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after buying an additional 53 shares during the period. Personal CFO Solutions LLC lifted its holdings in Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after buying an additional 167 shares during the period. F&V Capital Management LLC purchased a new stake in Costco Wholesale during the first quarter worth $236,000. Finally, Graybill Wealth Management LTD. purchased a new stake in Costco Wholesale during the first quarter worth $3,095,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on COST. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Mizuho decreased their price objective on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a report on Thursday. 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. Wolfe Research initiated coverage on Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating for the company. Finally, Evercore ISI decreased their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,066.23.

Check Out Our Latest Research Report on Costco Wholesale

Costco Wholesale Stock Performance

Shares of COST stock opened at $930.01 on Friday. The firm has a market capitalization of $412.16 billion, a price-to-earnings ratio of 51.07, a price-to-earnings-growth ratio of 5.72 and a beta of 0.98. 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 business has a fifty day moving average of $952.05 and a 200 day moving average of $971.48. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results 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 analyst estimates of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $5.15 EPS. As a group, 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 announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the 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 sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $7,588,685 in the last 90 days. Insiders own 0.18% of the company’s stock.

About Costco Wholesale

(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.

Further Reading

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

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