240 Shares in Costco Wholesale Corporation $COST Purchased by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC acquired a new position in Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent filing with the SEC. The firm acquired 240 shares of the retailer’s stock, valued at approximately $238,000.

Other hedge funds have also recently made changes to their positions in the company. Corps Capital Advisors LLC raised its position in shares of Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after acquiring an additional 10 shares in the last quarter. Covestor Ltd raised its holdings in 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 in the last quarter. MOKAN Wealth Management Inc. lifted its position in Costco Wholesale by 0.4% during the first quarter. MOKAN Wealth Management Inc. now owns 2,638 shares of the retailer’s stock valued at $2,499,000 after buying an additional 11 shares during the period. Aspect Partners LLC boosted its holdings in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after buying an additional 11 shares in the last quarter. Finally, Viewpoint Capital Management LLC boosted its holdings in shares of Costco Wholesale by 0.4% during the 1st quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock valued at $2,543,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the firm’s 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 completion of the transaction, the executive vice president owned 9,740 shares in the company, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of 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. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday, October 8th. Finally, BTIG Research started coverage on Costco Wholesale in a research note on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price objective for the company. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,068.15.

Costco Wholesale Trading Up 1.2%

Costco Wholesale stock opened at $936.33 on Monday. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The company has a market cap of $414.96 billion, a P/E ratio of 51.42, a P/E/G ratio of 5.68 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $949.51 and a two-hundred day simple moving average of $971.56.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $5.15 EPS. Analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

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.