TriaGen Wealth Management LLC Boosts Holdings in Costco Wholesale Corporation $COST

TriaGen Wealth Management LLC boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 6.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,664 shares of the retailer’s stock after purchasing an additional 292 shares during the quarter. Costco Wholesale comprises 1.4% of TriaGen Wealth Management LLC’s portfolio, making the stock its 12th largest position. TriaGen Wealth Management LLC’s holdings in Costco Wholesale were worth $4,617,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Corps Capital Advisors LLC grew its position in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after acquiring an additional 10 shares during the period. Covestor Ltd grew its position in Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. Farrell Financial LLC grew its holdings in shares of Costco Wholesale by 2.2% during the 1st 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 grew its holdings in shares of Costco Wholesale by 0.5% during the 1st 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. grew its holdings in shares of Costco Wholesale by 0.4% during the 1st 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 owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 0.4%

Shares of COST opened at $914.80 on Wednesday. The company has a market capitalization of $405.70 billion, a P/E ratio of 50.24, a P/E/G ratio of 5.52 and a beta of 0.98. 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 quick ratio of 0.55 and a current ratio of 1.03. The stock has a 50-day moving average price of $952.69 and a 200 day moving average price of $971.76.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion during 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 for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.15 earnings per share. Sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. The trade was a 25.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock worth $7,588,685 in the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COST. Truist Financial decreased their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Sanford C. Bernstein upped their price target on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Roth Capital set a $907.00 price target on shares of Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. decreased their target price on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Finally, Citigroup decreased their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.