Jackson Thornton Wealth Management LLC Acquires 74 Shares of Costco Wholesale Corporation $COST

Jackson Thornton Wealth Management LLC increased its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 522 shares of the retailer’s stock after purchasing an additional 74 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Costco Wholesale were worth $515,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Bulwark Capital Corp bought a new position in Costco Wholesale during the second quarter valued at $25,000. Anderson Financial Strategies LLC increased its position in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares during the last quarter. Financial Connections Group Inc. increased its position in Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after acquiring an additional 39 shares during the last quarter. Frazier Financial Advisors LLC increased its position in Costco Wholesale by 72.0% during the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after acquiring an additional 18 shares during the last quarter. Finally, eCIO Inc. bought a new position in Costco Wholesale during the first quarter valued at $48,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on COST shares. DA Davidson reiterated a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. JPMorgan Chase & Co. cut 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 report on Friday, September 26th. Morgan Stanley cut their price objective on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Finally, Mizuho cut their price target on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,068.15.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were 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 directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $992.05, for a total transaction 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. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Down 0.0%

NASDAQ:COST opened at $936.11 on Tuesday. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The company has a 50-day moving average of $948.46 and a 200 day moving average of $971.70. The firm has a market cap of $414.86 billion, a PE ratio of 51.41, a price-to-earnings-growth ratio of 5.68 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 (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same period in the prior year, the firm earned $5.15 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is 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.