SGL Investment Advisors Inc. Has $474,000 Position in Costco Wholesale Corporation $COST

SGL Investment Advisors Inc. increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 30.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 481 shares of the retailer’s stock after purchasing an additional 111 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Costco Wholesale were worth $474,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Independent Solutions Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after purchasing an additional 53 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Costco Wholesale by 22.3% during the second quarter. Shell Asset Management Co. now owns 38,839 shares of the retailer’s stock worth $38,448,000 after purchasing an additional 7,076 shares during the period. Prasad Wealth Partners LLC boosted its holdings in shares of Costco Wholesale by 36.4% during the second quarter. Prasad Wealth Partners LLC now owns 970 shares of the retailer’s stock worth $960,000 after purchasing an additional 259 shares during the period. TriaGen Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 6.7% during the second quarter. TriaGen Wealth Management LLC now owns 4,664 shares of the retailer’s stock worth $4,617,000 after purchasing an additional 292 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its holdings in shares of Costco Wholesale by 7.5% during the second quarter. Joel Isaacson & Co. LLC now owns 4,655 shares of the retailer’s stock worth $4,608,000 after purchasing an additional 323 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.4%

Shares of NASDAQ:COST opened at $914.80 on Wednesday. The company’s fifty day moving average is $952.69 and its 200-day moving average is $971.76. The company has a market capitalization of $405.70 billion, a PE ratio of 50.24, a P/E/G ratio of 5.52 and a beta of 0.98. 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 52 week low of $867.34 and a 52 week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (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 net margin of 2.94% and a return on equity of 30.09%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.15 EPS. Equities research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $1.30 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 28.56%.

Analysts Set New Price Targets

Several analysts recently commented on COST shares. Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Daiwa Capital Markets reduced their target price on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Citigroup reduced their target price on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Wolfe Research initiated coverage on shares of Costco Wholesale in a research report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,067.19.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was 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 of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock valued at $7,588,685 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.