Fidelis Capital Partners LLC Has $7.80 Million Holdings in Costco Wholesale Corporation $COST

Fidelis Capital Partners LLC raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.4% in the second quarter, Holdings Channel reports. The firm owned 8,053 shares of the retailer’s stock after buying an additional 111 shares during the period. Costco Wholesale accounts for 0.7% of Fidelis Capital Partners LLC’s investment portfolio, making the stock its 29th largest holding. Fidelis Capital Partners LLC’s holdings in Costco Wholesale were worth $7,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in COST. Bulwark Capital Corp bought a new stake in Costco Wholesale in the second quarter worth approximately $25,000. LFA Lugano Financial Advisors SA bought a new stake in Costco Wholesale in the second quarter worth $31,000. Anderson Financial Strategies LLC increased its position in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares during the last quarter. Financial Connections Group Inc. raised its holdings in Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after buying an additional 39 shares in the last quarter. Finally, Frazier Financial Advisors LLC lifted its position 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 buying an additional 18 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on COST. Sanford C. Bernstein lowered their price objective on Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Oppenheimer decreased their target price on Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. BTIG Research initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 price target on the stock. Daiwa Capital Markets decreased their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Finally, Citigroup lowered their target price on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,063.88.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the company’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 completion of the transaction, the executive vice president owned 6,851 shares of the company’s stock, valued at $6,410,343.68. This represents a 28.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the executive vice president directly owned 2,362 shares in the company, valued at $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 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.1%

COST opened at $922.74 on Monday. Costco Wholesale Corporation has a 1-year low of $871.71 and a 1-year high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $408.94 billion, a price-to-earnings ratio of 50.67, a P/E/G ratio of 5.54 and a beta of 0.98. The business has a 50 day moving average of $938.12 and a 200-day moving average of $968.65.

Costco Wholesale (NASDAQ:COST) last announced its 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. The business 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%. Costco Wholesale’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.15 earnings per share. As a group, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed 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. 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 dividend payout ratio is currently 28.56%.

About Costco Wholesale

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.