Costco Wholesale Corporation $COST Position Increased by One Degree Advisors Inc

One Degree Advisors Inc raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 13.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,649 shares of the retailer’s stock after purchasing an additional 305 shares during the period. Costco Wholesale comprises about 0.9% of One Degree Advisors Inc’s portfolio, making the stock its 24th largest holding. One Degree Advisors Inc’s holdings in Costco Wholesale were worth $2,622,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bulwark Capital Corp bought a new stake in Costco Wholesale during the second quarter valued at $25,000. Anderson Financial Strategies LLC grew its position in shares of Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after acquiring an additional 36 shares during the last quarter. Financial Connections Group Inc. grew its position in shares of Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after acquiring an additional 39 shares during the last quarter. eCIO Inc. bought a new position in shares of Costco Wholesale during the first quarter worth about $48,000. Finally, Aspect Partners LLC grew its position in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

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

Costco Wholesale Stock Performance

Shares of COST opened at $930.01 on Friday. The firm has a 50-day moving average price of $952.05 and a 200 day moving average price of $971.77. The firm has a market capitalization of $412.16 billion, a PE ratio of 51.07, a P/E/G ratio of 5.64 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (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 analyst estimates of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. Costco Wholesale’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.15 EPS. On average, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $1.30 dividend. 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 presently 28.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on COST shares. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday. The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday, September 24th. Truist Financial lowered 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, Daiwa Capital Markets lowered their price target on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,066.23.

Costco Wholesale 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.