BayBridge Capital Group LLC Purchases 26 Shares of Costco Wholesale Corporation $COST

BayBridge Capital Group LLC increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,855 shares of the retailer’s stock after purchasing an additional 26 shares during the quarter. Costco Wholesale accounts for approximately 1.2% of BayBridge Capital Group LLC’s investment portfolio, making the stock its 19th largest position. BayBridge Capital Group LLC’s holdings in Costco Wholesale were worth $1,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in COST. Brighton Jones LLC grew its stake in Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares during the last quarter. Armstrong Henry H Associates Inc. grew its holdings in Costco Wholesale by 4.4% during the first quarter. Armstrong Henry H Associates Inc. now owns 1,076 shares of the retailer’s stock valued at $1,018,000 after purchasing an additional 45 shares during the period. James J. Burns & Company LLC grew its stake in Costco Wholesale by 5.8% during the first quarter. James J. Burns & Company LLC now owns 818 shares of the retailer’s stock worth $774,000 after buying an additional 45 shares in the last quarter. Finally, Avondale Wealth Management grew its position in Costco Wholesale by 6.3% in the 1st quarter. Avondale Wealth Management now owns 354 shares of the retailer’s stock valued at $335,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares of the company’s stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on COST. Evercore ISI decreased their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday. Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. DA Davidson restated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday. The Goldman Sachs Group upped their price objective 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. Finally, Truist Financial decreased their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,069.58.

Costco Wholesale Stock Performance

Shares of COST opened at $915.95 on Friday. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23. The stock has a market capitalization of $406.21 billion, a P/E ratio of 50.30, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $955.70 and its two-hundred day simple moving average is $971.07.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 31.10%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $5.15 EPS. As a group, analysts predict 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. Shareholders of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. 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.