Kingsman Wealth Management Inc. Has $8.38 Million Stake in Costco Wholesale Corporation $COST

Kingsman Wealth Management Inc. lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,461 shares of the retailer’s stock after acquiring an additional 365 shares during the period. Costco Wholesale accounts for 5.2% of Kingsman Wealth Management Inc.’s portfolio, making the stock its 5th biggest holding. Kingsman Wealth Management Inc.’s holdings in Costco Wholesale were worth $8,376,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in Costco Wholesale by 106,402.1% in the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock worth $7,717,744,000 after buying an additional 8,152,528 shares in the last quarter. Nuveen LLC bought a new position in shares of Costco Wholesale in the first quarter worth $3,461,159,000. Kingstone Capital Partners Texas LLC grew its position in Costco Wholesale by 418,980.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after buying an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. grew its position in Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after buying an additional 443,101 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after buying an additional 370,806 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.2%

Costco Wholesale stock opened at $943.31 on Friday. The firm has a market capitalization of $418.34 billion, a price-to-earnings ratio of 53.51, a P/E/G ratio of 5.31 and a beta of 0.97. The company has a 50 day moving average price of $956.40 and a 200 day moving average price of $970.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued 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 return on equity of 30.48% and a net margin of 2.92%.The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter last year, the firm posted $5.15 earnings per share. Costco Wholesale’s revenue was up 8.1% compared to the same quarter last year. Research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 29.50%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Wednesday. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Morgan Stanley raised their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,061.30.

Insiders Place Their Bets

In other news, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

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.