Premier Path Wealth Partners LLC Grows Position in Costco Wholesale Corporation $COST

Premier Path Wealth Partners LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,490 shares of the retailer’s stock after buying an additional 135 shares during the period. Premier Path Wealth Partners LLC’s holdings in Costco Wholesale were worth $3,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bulwark Capital Corp purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $25,000. Anderson Financial Strategies LLC increased 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 during the last quarter. Financial Connections Group Inc. lifted its position in Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after buying an additional 39 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in Costco Wholesale by 72.0% during the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after buying an additional 18 shares in the last quarter. Finally, eCIO Inc. acquired a new position in Costco Wholesale during the first quarter worth $48,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the sale, the executive vice president directly owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,920 shares of company stock worth $7,373,175 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Daiwa Capital Markets cut their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Oppenheimer reissued an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a report on Friday, September 26th. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. Argus increased their price target on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, BTIG Research initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price target for the company. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,068.15.

Costco Wholesale Trading Down 1.3%

NASDAQ COST opened at $912.42 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The stock has a market capitalization of $404.37 billion, a P/E ratio of 50.11, a PEG ratio of 5.61 and a beta of 0.98. The firm’s 50-day moving average is $941.47 and its two-hundred day moving average is $971.27. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23.

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

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid 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 dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 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.