Nordwand Advisors LLC Takes $306,000 Position in Costco Wholesale Corporation $COST

Nordwand Advisors LLC acquired a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent filing with the SEC. The fund acquired 308 shares of the retailer’s stock, valued at approximately $306,000.

Several other large investors have also added to or reduced their stakes in the stock. Peterson Wealth Services lifted 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 valued at $13,479,000 after purchasing an additional 72 shares during the last quarter. Fishman Jay A Ltd. MI raised its position in shares of Costco Wholesale by 3.5% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after buying an additional 575 shares in the last quarter. Independent Solutions Wealth Management LLC raised its position in shares of Costco Wholesale by 0.3% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock valued at $20,430,000 after buying an additional 53 shares in the last quarter. Laffer Tengler Investments Inc. lifted its holdings in shares of Costco Wholesale by 22.7% during the 2nd quarter. Laffer Tengler Investments Inc. now owns 5,903 shares of the retailer’s stock worth $5,844,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Rossmore Private Capital grew its position in Costco Wholesale by 0.9% in the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of research reports. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Tuesday, November 4th. Wolfe Research initiated coverage on Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Costco Wholesale in a research report on Wednesday, October 8th. Morgan Stanley reduced their price target on shares of 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. Finally, Mizuho lowered their price objective on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Nineteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,025.07.

Insider Activity

In related news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William Richard Wilcox sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $930.13, for a total value of $2,232,312.00. Following the transaction, the executive vice president directly owned 2,000 shares of the company’s stock, valued at $1,860,260. The trade was a 54.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,720 shares of company stock worth $9,010,257 over the last ninety days. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $895.08 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a one year low of $871.71 and a one year high of $1,078.23. The business’s 50 day simple moving average is $932.06 and its two-hundred day simple moving average is $964.95. The stock has a market capitalization of $396.68 billion, a P/E ratio of 49.15, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating 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 firm had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same quarter in the prior year, the firm posted $5.15 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

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.