Insight Wealth Partners LLC Raises Stock Holdings in Costco Wholesale Corporation $COST

Insight Wealth Partners LLC increased its position in Costco Wholesale Corporation (NASDAQ:COST) by 20.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 282 shares of the retailer’s stock after purchasing an additional 48 shares during the period. Insight Wealth Partners LLC’s holdings in Costco Wholesale were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of COST. Bulwark Capital Corp purchased a new stake in shares of Costco Wholesale in the second quarter worth $25,000. Anderson Financial Strategies LLC grew its stake in shares of Costco Wholesale by 900.0% in 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 stake in shares of Costco Wholesale by 975.0% in 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. Frazier Financial Advisors LLC grew its stake in shares of Costco Wholesale by 72.0% in the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after acquiring an additional 18 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in shares of Costco Wholesale in the first quarter worth $48,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 1.1%

COST stock opened at $932.14 on Friday. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23. The business’s 50-day moving average is $945.23 and its two-hundred day moving average is $971.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The company has a market cap of $413.11 billion, a price-to-earnings ratio of 51.19, a P/E/G ratio of 5.72 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter in the prior year, the company earned $5.15 earnings per share. Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. As a group, analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Insider Transactions at Costco Wholesale

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 value of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the 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 transaction, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. This represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,920 shares of company stock worth $7,373,175 in the last ninety days. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of recent research reports. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Roth Capital set a $907.00 price objective on Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Wednesday, September 24th. Sanford C. Bernstein lifted their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.