Savvy Advisors Inc. Purchases 1,026 Shares of Costco Wholesale Corporation $COST

Savvy Advisors Inc. lifted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 25.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,126 shares of the retailer’s stock after acquiring an additional 1,026 shares during the quarter. Savvy Advisors Inc.’s holdings in Costco Wholesale were worth $5,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in COST. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale in the second quarter worth approximately $25,000. Anderson Financial Strategies LLC grew its stake in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after acquiring an additional 36 shares during the period. Financial Connections Group Inc. grew its stake in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after acquiring an additional 39 shares during the period. Frazier Financial Advisors LLC boosted its holdings in shares of Costco Wholesale by 72.0% in the second 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 last quarter. Finally, eCIO Inc. purchased a new position in shares of Costco Wholesale in the first quarter worth approximately $48,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 1.3%

Shares of Costco Wholesale stock opened at $912.42 on Thursday. 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 Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The firm’s 50-day moving average is $941.47 and its two-hundred day moving average is $971.27. The stock has a market cap of $404.37 billion, a price-to-earnings ratio of 50.11, a PEG ratio of 5.61 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its 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 company had revenue of $86.16 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $5.15 EPS. As a group, research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share 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. Shareholders 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 is Friday, October 31st. Costco Wholesale’s payout ratio is presently 28.56%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COST. 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 report on Friday, September 26th. Wolfe Research assumed coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. 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. Sanford C. Bernstein lifted their price target on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday, September 24th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,068.15.

Insider Activity

In other news, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction that occurred 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 of the company’s stock, valued at $6,410,343.68. The trade was a 28.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction on 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. The trade was a 20.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,920 shares of company stock valued at $7,373,175 in the last quarter. Company insiders own 0.18% of the company’s stock.

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.