Costco Wholesale Corporation $COST Stake Boosted by Sunbeam Capital Management LLC

Sunbeam Capital Management LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 23.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,323 shares of the retailer’s stock after purchasing an additional 254 shares during the quarter. Costco Wholesale makes up 1.0% of Sunbeam Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Sunbeam Capital Management LLC’s holdings in Costco Wholesale were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Fishman Jay A Ltd. MI increased its stake in Costco Wholesale by 3.5% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after purchasing an additional 575 shares in the last quarter. Personal CFO Solutions LLC grew its stake in Costco Wholesale by 12.4% during the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after acquiring an additional 167 shares in the last quarter. F&V Capital Management LLC purchased a new position in Costco Wholesale during the 1st quarter valued at about $236,000. Graybill Wealth Management LTD. purchased a new position in Costco Wholesale during the 1st quarter valued at about $3,095,000. Finally, Rossmore Private Capital grew its stake in Costco Wholesale by 0.9% during the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock valued at $6,325,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $974.96, for a total value 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 approximately $5,629,419.04. The trade was a 40.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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 trade represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on COST. Evercore ISI lowered their target price 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. The Goldman Sachs Group lifted their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Morgan Stanley lowered their target price on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 24th. Finally, Wolfe Research began coverage on Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating for the company. Nineteen 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, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,067.19.

Costco Wholesale Price Performance

Shares of COST opened at $910.94 on Tuesday. The firm has a market cap of $403.98 billion, a PE ratio of 50.02, a PEG ratio of 5.55 and a beta of 0.98. The firm’s 50 day moving average price is $953.08 and its 200 day moving average price is $972.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month 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 for the quarter, beating the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same quarter last year, the firm earned $5.15 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued 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.