Trinity Legacy Partners LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Trinity Legacy Partners LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 351 shares of the retailer’s stock, valued at approximately $202,000.

Several other large investors have also recently modified their holdings of COST. Phocas Financial Corp. boosted its stake in shares of Costco Wholesale by 7.0% in the 3rd quarter. Phocas Financial Corp. now owns 1,536 shares of the retailer’s stock valued at $690,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Costco Wholesale by 6.6% in the third quarter. Captrust Financial Advisors now owns 73,591 shares of the retailer’s stock valued at $33,068,000 after buying an additional 4,548 shares during the last quarter. Summit Trail Advisors LLC bought a new position in shares of Costco Wholesale in the third quarter valued at about $222,000. Capstone Triton Financial Group LLC raised its holdings in shares of Costco Wholesale by 12.3% in the third quarter. Capstone Triton Financial Group LLC now owns 1,473 shares of the retailer’s stock valued at $722,000 after buying an additional 161 shares during the last quarter. Finally, Studio Investment Management LLC bought a new position in shares of Costco Wholesale in the third quarter valued at about $241,000. Institutional investors own 67.52% of the company’s stock.

In other Costco Wholesale news, EVP Claudine Adamo sold 500 shares of the company’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $602.03, for a total transaction of $301,015.00. Following the completion of the transaction, the executive vice president now owns 9,939 shares of the company’s stock, valued at approximately $5,983,576.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary Agnes Wilderotter purchased 850 shares of Costco Wholesale stock in a transaction on Tuesday, June 7th. The shares were purchased at an average cost of $470.74 per share, with a total value of $400,129.00. Following the transaction, the director now owns 11,295 shares in the company, valued at $5,317,008.30. The disclosure for this purchase can be found here. Insiders sold a total of 8,998 shares of company stock valued at $5,278,469 over the last quarter. 0.22% of the stock is owned by insiders.

Shares of COST stock opened at $459.96 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. The stock has a market cap of $203.74 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 3.87 and a beta of 0.71. The stock has a 50-day moving average of $496.50 and a 200-day moving average of $522.53. Costco Wholesale Co. has a one year low of $390.59 and a one year high of $612.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The retailer reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.01. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. The company had revenue of $52.60 billion during the quarter, compared to analysts’ expectations of $51.49 billion. During the same period in the prior year, the business posted $2.75 EPS. Costco Wholesale’s revenue was up 18.5% on a year-over-year basis. As a group, research analysts anticipate that Costco Wholesale Co. will post 13.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were given a $0.90 dividend. The ex-dividend date of this dividend was Thursday, April 28th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.79. This represents a $3.60 annualized dividend and a dividend yield of 0.78%. Costco Wholesale’s payout ratio is currently 28.35%.

A number of research firms recently issued reports on COST. Robert W. Baird cut their price target on Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating for the company in a report on Friday, May 27th. Evercore ISI lifted their price target on Costco Wholesale from $605.00 to $610.00 in a report on Thursday, April 7th. BMO Capital Markets reaffirmed a “buy” rating and issued a $580.00 price target on shares of Costco Wholesale in a report on Monday, May 30th. Credit Suisse Group cut their price target on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a report on Friday, May 27th. Finally, Telsey Advisory Group dropped their price objective on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a report on Friday, May 27th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $569.56.

Costco Wholesale Company Profile (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

Further Reading

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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