1900 Wealth Management LLC Buys 13 Shares of Costco Wholesale Corporation $COST

1900 Wealth Management LLC grew its position in Costco Wholesale Corporation (NASDAQ:COST) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472 shares of the retailer’s stock after purchasing an additional 13 shares during the period. 1900 Wealth Management LLC’s holdings in Costco Wholesale were worth $467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Costco Wholesale by 12.3% in 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 lifted its holdings in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after acquiring an additional 130 shares during the period. Annex Advisory Services LLC lifted its holdings in Costco Wholesale by 8.0% during the first quarter. Annex Advisory Services LLC now owns 32,471 shares of the retailer’s stock worth $30,711,000 after acquiring an additional 2,410 shares during the period. Vest Financial LLC increased its position in shares of Costco Wholesale by 961.7% during the 1st quarter. Vest Financial LLC now owns 23,146 shares of the retailer’s stock valued at $21,891,000 after purchasing an additional 20,966 shares during the last quarter. Finally, Fjell Capital LLC increased its position in shares of Costco Wholesale by 32.6% during the 1st quarter. Fjell Capital LLC now owns 2,511 shares of the retailer’s stock valued at $2,375,000 after purchasing an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.2%

COST opened at $915.38 on Friday. The company has a fifty day moving average price of $953.54 and a 200-day moving average price of $971.15. The firm has a market capitalization of $405.95 billion, a P/E ratio of 50.27, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping 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 30.09% and a net margin of 2.94%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.15 earnings per share. Equities research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

Insider Activity

In related news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’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 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. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on COST shares. Citigroup decreased their price objective on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a report on Saturday, September 27th. Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Argus raised their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Nineteen 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, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,067.19.

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.