Yukon Wealth Management Inc. Buys 20 Shares of Costco Wholesale Corporation $COST

Yukon Wealth Management Inc. boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,500 shares of the retailer’s stock after purchasing an additional 20 shares during the period. Yukon Wealth Management Inc.’s holdings in Costco Wholesale were worth $2,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Costco Wholesale by 1.0% in the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock worth $40,332,515,000 after acquiring an additional 443,101 shares during the period. Alliancebernstein L.P. raised its holdings in Costco Wholesale by 0.4% in the 1st quarter. Alliancebernstein L.P. now owns 4,332,009 shares of the retailer’s stock worth $4,097,127,000 after purchasing an additional 18,045 shares during the period. Invesco Ltd. lifted its position in Costco Wholesale by 5.2% during the first quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock valued at $3,695,796,000 after purchasing an additional 191,985 shares in the last quarter. Nuveen LLC bought a new stake in Costco Wholesale during the first quarter valued at about $3,461,159,000. Finally, Jennison Associates LLC increased its position in Costco Wholesale by 3.9% in the first quarter. Jennison Associates LLC now owns 3,357,630 shares of the retailer’s stock worth $3,175,579,000 after buying an additional 125,441 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Roth Capital set a $907.00 price objective on Costco Wholesale and gave the company a “neutral” rating in a research report on Friday, September 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday, September 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a research report on Friday. Truist Financial decreased their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,130.00 target price on shares of Costco Wholesale in a report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,068.15.

Costco Wholesale Price Performance

COST stock opened at $932.14 on Monday. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The company’s fifty day moving average price is $945.23 and its 200-day moving average price is $972.16. 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 capitalization of $413.10 billion, a PE ratio of 51.19, a price-to-earnings-growth ratio of 5.66 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter in the previous year, the firm earned $5.15 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business 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. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s payout ratio is 28.56%.

Insider Activity at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tiffany Marie Barbre sold 1,239 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the completion of the transaction, the insider directly owned 5,155 shares in the company, valued at $4,817,966.10. This trade represents a 19.38% 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 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Company 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.