Y.D. More Investments Ltd Has $1.30 Million Position in Costco Wholesale Corporation $COST

Y.D. More Investments Ltd boosted its position in Costco Wholesale Corporation (NASDAQ:COST) by 64.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,371 shares of the retailer’s stock after purchasing an additional 535 shares during the quarter. Y.D. More Investments Ltd’s holdings in Costco Wholesale were worth $1,302,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Costco Wholesale during the first quarter valued at approximately $145,000. AMG National Trust Bank grew its stake in Costco Wholesale by 8.3% in the first quarter. AMG National Trust Bank now owns 4,818 shares of the retailer’s stock valued at $4,557,000 after purchasing an additional 369 shares in the last quarter. Finally, St. Louis Trust Co bought a new position in Costco Wholesale in the first quarter valued at approximately $277,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 2,700 shares of the business’s 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 completion of the sale, the executive vice president directly owned 6,851 shares in the company, 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 SEC, which is available through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares in the company, 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. Insiders have sold 10,320 shares of company stock valued at $9,605,487 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $922.98 on Friday. The stock has a market cap of $409.05 billion, a PE ratio of 50.69, a P/E/G ratio of 5.54 and a beta of 0.98. 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 firm has a 50-day moving average of $934.93 and a 200-day moving average of $966.55. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 2.94% and a return on equity of 30.09%. Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.15 EPS. On average, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a dividend of $1.30 per share. The ex-dividend date was Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on COST shares. Wolfe Research assumed coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. DA Davidson reiterated a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Daiwa Capital Markets decreased their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Finally, Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. 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 MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,063.88.

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.