Elyxium Wealth LLC Grows Stock Position in Costco Wholesale Corporation $COST

Elyxium Wealth LLC boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,452 shares of the retailer’s stock after acquiring an additional 73 shares during the period. Costco Wholesale accounts for about 1.7% of Elyxium Wealth LLC’s holdings, making the stock its 14th biggest position. Elyxium Wealth LLC’s holdings in Costco Wholesale were worth $4,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in COST. Code Waechter LLC grew its holdings in shares of Costco Wholesale by 4.9% in the 2nd quarter. Code Waechter LLC now owns 429 shares of the retailer’s stock worth $425,000 after acquiring an additional 20 shares during the period. Huntington National Bank grew its holdings in shares of Costco Wholesale by 1.7% in the 2nd quarter. Huntington National Bank now owns 207,206 shares of the retailer’s stock worth $205,122,000 after acquiring an additional 3,491 shares during the period. Transatlantique Private Wealth LLC grew its holdings in shares of Costco Wholesale by 5.5% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 823 shares of the retailer’s stock worth $815,000 after acquiring an additional 43 shares during the period. Key Financial Inc grew its holdings in shares of Costco Wholesale by 8.7% in the 2nd quarter. Key Financial Inc now owns 661 shares of the retailer’s stock worth $654,000 after acquiring an additional 53 shares during the period. Finally, Pacific Wealth Strategies Group Inc. purchased a new stake in Costco Wholesale in the 2nd quarter valued at approximately $272,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.8%

Shares of Costco Wholesale stock opened at $928.04 on Tuesday. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23. The firm has a market cap of $411.29 billion, a PE ratio of 50.96, a P/E/G ratio of 5.54 and a beta of 0.98. The business’s fifty day moving average is $939.26 and its two-hundred day moving average is $969.95. 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 (NASDAQ:COST) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share 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 analyst estimates of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $5.15 EPS. Analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $1.30 dividend. 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 (DPR) is 28.56%.

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the transaction, the executive vice president directly owned 6,851 shares of the company’s stock, valued at approximately $6,410,343.68. This trade represents a 28.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 7,920 shares of company stock valued at $7,373,175. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on COST shares. Mizuho lowered their target price on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Truist Financial lowered their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Citigroup lowered their target price on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Finally, Daiwa Capital Markets lowered 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 equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,065.08.

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.