Fiduciary Wealth Partners LLC Buys 259 Shares of Costco Wholesale Corporation $COST

Fiduciary Wealth Partners LLC lifted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 143.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 439 shares of the retailer’s stock after acquiring an additional 259 shares during the quarter. Fiduciary Wealth Partners LLC’s holdings in Costco Wholesale were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Peterson Wealth Services raised its position in Costco Wholesale by 0.5% during the second quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock worth $13,479,000 after acquiring an additional 72 shares in the last quarter. Fishman Jay A Ltd. MI lifted its stake in Costco Wholesale by 3.5% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after purchasing an additional 575 shares during the last quarter. Independent Solutions Wealth Management LLC increased its position 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 last quarter. Personal CFO Solutions LLC raised its stake in Costco Wholesale by 12.4% in the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after buying an additional 167 shares during the period. Finally, Graybill Wealth Management LTD. acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $3,095,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Shares of COST opened at $932.14 on Friday. The stock has a market cap of $413.11 billion, a P/E ratio of 51.19, a P/E/G ratio of 5.66 and a beta of 0.98. The business’s fifty day moving average is $945.23 and its 200 day moving average is $972.11. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. 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 business 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 firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $5.15 EPS. Sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Insider Activity

In other news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the transaction, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. The trade was a 28.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,920 shares of company stock worth $7,373,175. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Oppenheimer reiterated an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Morgan Stanley decreased their target price on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a report on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.