Worth Financial Advisory Group LLC Has $562,000 Stock Holdings in Costco Wholesale Corporation $COST

Worth Financial Advisory Group LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 31.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 567 shares of the retailer’s stock after purchasing an additional 137 shares during the period. Worth Financial Advisory Group LLC’s holdings in Costco Wholesale were worth $562,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. XY Planning Network Inc. acquired a new stake in Costco Wholesale during the second quarter valued at $550,000. BayBridge Capital Group LLC raised its holdings in Costco Wholesale by 1.4% during the second quarter. BayBridge Capital Group LLC now owns 1,855 shares of the retailer’s stock valued at $1,836,000 after buying an additional 26 shares in the last quarter. SC&H Financial Advisors Inc. raised its holdings in Costco Wholesale by 0.6% during the second quarter. SC&H Financial Advisors Inc. now owns 2,689 shares of the retailer’s stock valued at $2,662,000 after buying an additional 16 shares in the last quarter. Chatham Capital Group Inc. raised its holdings in Costco Wholesale by 6.0% during the second quarter. Chatham Capital Group Inc. now owns 3,519 shares of the retailer’s stock valued at $3,484,000 after buying an additional 200 shares in the last quarter. Finally, Blossom Wealth Management raised its holdings in Costco Wholesale by 2.4% during the second quarter. Blossom Wealth Management now owns 763 shares of the retailer’s stock valued at $755,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday. DA Davidson restated a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a report on Friday. Wolfe Research initiated coverage on Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. dropped their price objective on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,069.58.

Insider Buying and Selling

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

Costco Wholesale Stock Down 2.9%

NASDAQ COST opened at $915.95 on Friday. 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 stock’s 50 day moving average is $955.70 and its two-hundred day moving average is $971.07. The company has a market capitalization of $406.21 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 5.15 and a beta of 0.97. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 31.10% and a net margin of 2.94%.The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $5.15 earnings per share. Equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed 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. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s payout ratio is presently 28.56%.

About Costco Wholesale

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.