Solstein Capital LLC Buys 132 Shares of Costco Wholesale Corporation $COST

Solstein Capital LLC grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,368 shares of the retailer’s stock after buying an additional 132 shares during the period. Costco Wholesale accounts for about 1.2% of Solstein Capital LLC’s investment portfolio, making the stock its 19th largest position. Solstein Capital LLC’s holdings in Costco Wholesale were worth $2,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale during the second quarter valued at approximately $25,000. Anderson Financial Strategies LLC grew its holdings 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 valued at $38,000 after purchasing an additional 36 shares in the last quarter. Financial Connections Group Inc. grew its holdings 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 valued at $42,000 after purchasing an additional 39 shares in the last quarter. Frazier Financial Advisors LLC grew its holdings 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 valued at $43,000 after purchasing an additional 18 shares in the last quarter. Finally, eCIO Inc. purchased a new position in shares of Costco Wholesale in the first quarter valued at $48,000. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The stock was 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 in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tiffany Marie Barbre sold 1,239 shares of Costco Wholesale stock in a transaction on Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the sale, the insider owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,920 shares of company stock valued at $7,373,175 in the last three months. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on COST. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. JPMorgan Chase & Co. cut their target price on shares of 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. DA Davidson reissued a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Friday, September 26th. BTIG Research began coverage on Costco Wholesale in a research report on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 price target for the company. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday, September 24th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $1,068.15.

Costco Wholesale Stock Down 1.1%

Shares of COST opened at $932.14 on Monday. The company has a market cap of $413.10 billion, a PE ratio of 51.19, a P/E/G ratio of 5.66 and a beta of 0.98. The business has a fifty day moving average of $945.23 and a 200 day moving average of $972.16. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week 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 issued its quarterly 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. 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 during the quarter, compared to the consensus estimate of $86.01 billion. During the same period last year, the company earned $5.15 earnings per share. Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced 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. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

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.