Costco Wholesale Corporation $COST Holdings Boosted by Good Life Advisors LLC

Good Life Advisors LLC grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,519 shares of the retailer’s stock after purchasing an additional 540 shares during the period. Good Life Advisors LLC’s holdings in Costco Wholesale were worth $9,423,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COST. Corps Capital Advisors LLC raised its stake in shares of 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 acquiring an additional 10 shares in the last quarter. Covestor Ltd boosted its holdings in Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. SeaBridge Investment Advisors LLC increased its stake in shares of Costco Wholesale by 0.4% in the first quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock worth $2,327,000 after purchasing an additional 11 shares during the period. Redwood Park Advisors LLC lifted its position in shares of Costco Wholesale by 6.8% during the 1st quarter. Redwood Park Advisors LLC now owns 173 shares of the retailer’s stock worth $163,000 after purchasing an additional 11 shares during the last quarter. Finally, Luminist Capital LLC boosted its stake in Costco Wholesale by 9.4% during the 1st quarter. Luminist Capital LLC now owns 128 shares of the retailer’s stock valued at $122,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.0%

Shares of NASDAQ COST opened at $914.00 on Thursday. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The business has a fifty day moving average of $936.35 and a two-hundred day moving average of $967.41. The stock has a market cap of $405.07 billion, a PE ratio of 50.19, a PEG ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion during 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 revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $5.15 EPS. As a group, equities 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 given a $1.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s payout ratio is presently 28.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Daiwa Capital Markets cut their price target on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Evercore ISI decreased their price target on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Sanford C. Bernstein cut their price objective on shares of Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating for the company in a research report on Tuesday, November 4th. Finally, Morgan Stanley lowered their price objective on 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. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,063.88.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, 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 sale, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 10,320 shares of company stock valued at $9,605,487. 0.18% of the stock is currently owned by company insiders.

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.