Financial Insights Inc. Sells 58 Shares of Costco Wholesale Corporation $COST

Financial Insights Inc. reduced its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,445 shares of the retailer’s stock after selling 58 shares during the quarter. Costco Wholesale comprises 0.9% of Financial Insights Inc.’s portfolio, making the stock its 25th biggest holding. Financial Insights Inc.’s holdings in Costco Wholesale were worth $2,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of COST. Corps Capital Advisors LLC increased its stake in shares of Costco Wholesale by 0.7% in the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after purchasing an additional 10 shares during the period. Covestor Ltd increased its stake in shares of Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after purchasing an additional 10 shares during the period. Farrell Financial LLC increased its stake in shares of Costco Wholesale by 2.2% in the first quarter. Farrell Financial LLC now owns 522 shares of the retailer’s stock worth $493,000 after purchasing an additional 11 shares during the period. Western Pacific Wealth Management LP increased its stake in shares of Costco Wholesale by 0.5% in the first quarter. Western Pacific Wealth Management LP now owns 2,035 shares of the retailer’s stock worth $1,925,000 after purchasing an additional 11 shares during the period. Finally, MOKAN Wealth Management Inc. increased its stake in shares of Costco Wholesale by 0.4% in the first quarter. MOKAN Wealth Management Inc. now owns 2,638 shares of the retailer’s stock worth $2,499,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. Daiwa Capital Markets dropped their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Evercore ISI dropped their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. lowered their price target 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, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Buying and Selling

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

Costco Wholesale Stock Down 0.2%

Shares of COST opened at $915.38 on Friday. The company has a market capitalization of $405.95 billion, a P/E ratio of 50.27, a PEG 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. The business’s 50 day simple moving average is $953.54 and its 200-day simple moving average is $971.61.

Costco Wholesale (NASDAQ:COST) last announced 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. The business 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%.Costco Wholesale’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $5.15 EPS. As a group, sell-side analysts predict 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. Investors of record on Friday, August 1st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s payout ratio is 28.56%.

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.