Synergy Asset Management LLC Purchases 21 Shares of Costco Wholesale Corporation $COST

Synergy Asset Management LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,927 shares of the retailer’s stock after purchasing an additional 21 shares during the quarter. Synergy Asset Management LLC’s holdings in Costco Wholesale were worth $3,887,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of COST. Verus Financial Partners Inc. boosted its position in shares of Costco Wholesale by 4.3% during the second quarter. Verus Financial Partners Inc. now owns 316 shares of the retailer’s stock worth $311,000 after purchasing an additional 13 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of Costco Wholesale by 19.0% in the 2nd quarter. Cromwell Holdings LLC now owns 1,349 shares of the retailer’s stock valued at $1,335,000 after buying an additional 215 shares in the last quarter. Exchange Capital Management Inc. raised its stake in Costco Wholesale by 38.8% during the 2nd quarter. Exchange Capital Management Inc. now owns 4,152 shares of the retailer’s stock worth $4,110,000 after buying an additional 1,160 shares during the period. Capital & Planning LLC lifted its holdings in Costco Wholesale by 4.1% during the second quarter. Capital & Planning LLC now owns 3,567 shares of the retailer’s stock worth $3,532,000 after acquiring an additional 140 shares in the last quarter. Finally, Abacus Planning Group Inc. grew its stake in Costco Wholesale by 1.5% in the second quarter. Abacus Planning Group Inc. now owns 2,270 shares of the retailer’s stock valued at $2,247,000 after acquiring an additional 33 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock worth $7,588,685 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2%

Shares of NASDAQ:COST opened at $915.38 on Friday. The company’s 50-day moving average price is $953.54 and its two-hundred day moving average price is $971.15. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The stock has a market capitalization of $405.95 billion, a PE ratio of 50.27, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter in the previous year, the business earned $5.15 earnings per share. Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid 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 dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Analyst Ratings Changes

A number of research firms have recently commented on COST. Truist Financial dropped their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Finally, Argus raised their price objective on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a 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, the stock 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.