Sloy Dahl & Holst LLC Boosts Position in Costco Wholesale Corporation $COST

Sloy Dahl & Holst LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 8.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,464 shares of the retailer’s stock after buying an additional 110 shares during the quarter. Costco Wholesale accounts for about 0.2% of Sloy Dahl & Holst LLC’s portfolio, making the stock its 29th largest holding. Sloy Dahl & Holst LLC’s holdings in Costco Wholesale were worth $1,450,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Corps Capital Advisors LLC increased its holdings in shares of Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after purchasing an additional 10 shares in the last quarter. Covestor Ltd grew its stake in Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. MOKAN Wealth Management Inc. grew its stake in Costco Wholesale by 0.4% in the 1st quarter. MOKAN Wealth Management Inc. now owns 2,638 shares of the retailer’s stock valued at $2,499,000 after acquiring an additional 11 shares during the period. Aspect Partners LLC grew its stake in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after acquiring an additional 11 shares during the period. Finally, Viewpoint Capital Management LLC grew its stake in Costco Wholesale by 0.4% in the 1st quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock valued at $2,543,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa A. Jones sold 600 shares of the business’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 transaction, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $944.68 on Thursday. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The firm has a market capitalization of $418.66 billion, a price-to-earnings ratio of 51.88, a PEG ratio of 5.69 and a beta of 0.98. The company has a fifty day simple moving average of $946.70 and a 200-day simple moving average of $971.28. 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 (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.15 EPS. On average, equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 28.56%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on COST shares. JPMorgan Chase & Co. dropped their price target on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Wolfe Research started coverage on shares of Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. BTIG Research started coverage on shares of Costco Wholesale in a research note on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 price target on the stock. Morgan Stanley dropped their price target on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Finally, The Goldman Sachs Group lifted 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 note on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,068.15.

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.