Tyche Wealth Partners LLC Increases Position in Costco Wholesale Corporation $COST

Tyche Wealth Partners LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 1.0% during the second quarter, HoldingsChannel reports. The firm owned 5,915 shares of the retailer’s stock after buying an additional 61 shares during the quarter. Costco Wholesale accounts for 1.2% of Tyche Wealth Partners LLC’s holdings, making the stock its 20th biggest position. Tyche Wealth Partners LLC’s holdings in Costco Wholesale were worth $5,855,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares during the last quarter. Charter Oak Capital Management LLC grew its position in shares of Costco Wholesale by 7.1% in the 1st quarter. Charter Oak Capital Management LLC now owns 255 shares of the retailer’s stock valued at $241,000 after buying an additional 17 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in shares of Costco Wholesale by 10,846.8% in the 1st quarter. SOA Wealth Advisors LLC. now owns 20,580 shares of the retailer’s stock valued at $203,000 after buying an additional 20,392 shares during the last quarter. Finally, Bennett Selby Investments LP grew its position in shares of Costco Wholesale by 17.5% in the 1st quarter. Bennett Selby Investments LP now owns 1,109 shares of the retailer’s stock valued at $1,049,000 after buying an additional 165 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on COST shares. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the company a “neutral” rating in a research report on Friday, September 26th. Truist Financial dropped their target price 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. Evercore ISI dropped their target price on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. DA Davidson reissued a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 24th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Transactions at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,981 shares of company stock worth $7,588,685. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.5%

Shares of Costco Wholesale stock opened at $910.94 on Tuesday. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The company has a market capitalization of $403.98 billion, a P/E ratio of 50.02, a PEG ratio of 5.55 and a beta of 0.98. 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’s fifty day moving average is $953.08 and its two-hundred day moving average is $972.16.

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 company had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter last year, the business earned $5.15 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. 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.