Warther Private Wealth LLC Buys 82 Shares of Costco Wholesale Corporation $COST

Warther Private Wealth LLC raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 10.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 854 shares of the retailer’s stock after purchasing an additional 82 shares during the period. Costco Wholesale makes up 0.2% of Warther Private Wealth LLC’s portfolio, making the stock its 27th biggest position. Warther Private Wealth LLC’s holdings in Costco Wholesale were worth $845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Corps Capital Advisors LLC increased its holdings in Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after buying an additional 10 shares during the period. Covestor Ltd increased its holdings in Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after buying an additional 10 shares during the period. MOKAN Wealth Management Inc. increased its holdings in Costco Wholesale by 0.4% in the 1st 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 increased its holdings in Costco Wholesale by 24.4% in 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 during the period. Finally, Viewpoint Capital Management LLC increased its holdings in Costco Wholesale by 0.4% in 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 during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on COST shares. Daiwa Capital Markets lowered their price target on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Mizuho lowered 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. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 24th. DA Davidson restated a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Finally, Citigroup reduced their target price on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,068.15.

Insider Activity

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the business’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 sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% 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 business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This 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 Up 0.8%

Shares of NASDAQ COST opened at $944.68 on Thursday. The firm’s 50-day simple moving average is $946.70 and its 200 day simple moving average is $971.28. The company has a market cap of $418.66 billion, a price-to-earnings ratio of 51.88, a price-to-earnings-growth ratio of 5.69 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. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month 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. On average, research analysts expect 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 will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $1.30 per share. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend 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.