SteelPeak Wealth LLC Purchases 9,362 Shares of Costco Wholesale Corporation $COST

SteelPeak Wealth LLC lifted its position in Costco Wholesale Corporation (NASDAQ:COST) by 116.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,395 shares of the retailer’s stock after buying an additional 9,362 shares during the period. SteelPeak Wealth LLC’s holdings in Costco Wholesale were worth $17,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. Fishman Jay A Ltd. MI increased its position in shares of Costco Wholesale by 3.5% during the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after purchasing an additional 575 shares in the last quarter. Personal CFO Solutions LLC grew its stake in Costco Wholesale by 12.4% during the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after buying an additional 167 shares during the last quarter. F&V Capital Management LLC acquired a new position in Costco Wholesale during the 1st quarter valued at about $236,000. Graybill Wealth Management LTD. purchased a new stake in Costco Wholesale in the first quarter valued at about $3,095,000. Finally, Rossmore Private Capital boosted its holdings 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. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Evercore ISI decreased their price target on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Daiwa Capital Markets lowered 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 research note on Tuesday, September 30th. Finally, Citigroup cut their target price on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Activity at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction 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 owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Down 0.5%

NASDAQ:COST opened at $910.94 on Tuesday. 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 company’s fifty day moving average price is $953.08 and its 200-day moving average price is $972.16. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The firm 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.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. The company 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 firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $5.15 earnings per share. As a group, equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

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