Wealthspire Advisors LLC Has $15.64 Million Holdings in Costco Wholesale Corporation $COST

Wealthspire Advisors LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.0% in the second quarter, Holdings Channel reports. The fund owned 15,799 shares of the retailer’s stock after acquiring an additional 312 shares during the period. Wealthspire Advisors LLC’s holdings in Costco Wholesale were worth $15,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Peterson Wealth Services grew its position in Costco Wholesale by 0.5% during the second quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock worth $13,479,000 after buying an additional 72 shares in the last quarter. Fishman Jay A Ltd. MI raised its holdings in Costco Wholesale by 3.5% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after acquiring an additional 575 shares in the last quarter. Independent Solutions Wealth Management LLC lifted its position in shares of Costco Wholesale by 0.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after acquiring an additional 53 shares during the period. Vanguard Group Inc. grew its holdings in shares of Costco Wholesale by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock worth $42,920,107,000 after purchasing an additional 711,560 shares in the last quarter. Finally, Laffer Tengler Investments Inc. increased its position in shares of Costco Wholesale by 22.7% during the second quarter. Laffer Tengler Investments Inc. now owns 5,903 shares of the retailer’s stock valued at $5,844,000 after purchasing an additional 1,092 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 1.9%

COST opened at $895.08 on Wednesday. The firm has a market cap of $396.68 billion, a price-to-earnings ratio of 49.15, a PEG 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’s 50-day simple moving average is $932.06 and its 200-day simple moving average is $964.95. Costco Wholesale Corporation has a twelve month low of $871.71 and a twelve month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) 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 the consensus estimate 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 last year, the firm posted $5.15 EPS. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued 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 was Friday, October 31st. Costco Wholesale’s payout ratio is presently 28.56%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the transaction, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. The trade was a 28.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,720 shares of company stock valued at $9,010,257 over the last quarter. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wolfe Research assumed coverage on Costco Wholesale in a research report on Thursday, September 18th. They issued a “peer perform” rating for the company. Argus increased their price objective on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Tuesday, November 4th. BTIG Research began coverage on shares of Costco Wholesale in a research note on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Nineteen equities research analysts have rated the stock with a Buy rating and twelve have issued 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 $1,025.07.

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.