Resonant Capital Advisors LLC Increases Position in Costco Wholesale Corporation $COST

Resonant Capital Advisors LLC lifted its position in Costco Wholesale Corporation (NASDAQ:COST) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,499 shares of the retailer’s stock after acquiring an additional 141 shares during the period. Resonant Capital Advisors LLC’s holdings in Costco Wholesale were worth $5,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Bulwark Capital Corp acquired a new position in shares of Costco Wholesale in the second quarter valued at about $25,000. Anderson Financial Strategies LLC boosted its position in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after buying an additional 36 shares during the last quarter. Financial Connections Group Inc. increased its holdings in Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after buying an additional 39 shares during the period. Frazier Financial Advisors LLC increased its holdings in Costco Wholesale by 72.0% in the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after buying an additional 18 shares during the period. Finally, eCIO Inc. purchased a new position in Costco Wholesale during the 1st quarter worth approximately $48,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the completion of the transaction, the executive vice president directly owned 6,851 shares in the company, valued at approximately $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,920 shares of company stock valued at $7,373,175. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.1%

COST stock opened at $932.14 on Friday. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. 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 firm has a market cap of $413.11 billion, a P/E ratio of 51.19, a PEG ratio of 5.66 and a beta of 0.98. The company’s 50-day simple moving average is $945.23 and its 200-day simple moving average is $972.11.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $5.15 EPS. As a group, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s dividend payout ratio is presently 28.56%.

Wall Street Analyst Weigh In

COST has been the topic of several recent research reports. Mizuho dropped their price objective 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. The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. Finally, Daiwa Capital Markets dropped their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,068.15.

About Costco Wholesale

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.