Jaffetilchin Investment Partners LLC Purchases 297 Shares of Costco Wholesale Corporation $COST

Jaffetilchin Investment Partners LLC lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,594 shares of the retailer’s stock after purchasing an additional 297 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Costco Wholesale were worth $4,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in COST. CreativeOne Wealth LLC boosted its holdings in shares of Costco Wholesale by 2.1% during the 2nd quarter. CreativeOne Wealth LLC now owns 8,068 shares of the retailer’s stock valued at $7,987,000 after buying an additional 168 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of Costco Wholesale in the 2nd quarter worth about $203,000. Hill Investment Group Partners LLC lifted its position in Costco Wholesale by 4.1% during the 2nd quarter. Hill Investment Group Partners LLC now owns 308 shares of the retailer’s stock valued at $305,000 after acquiring an additional 12 shares during the period. Summit Global Investments boosted its stake in Costco Wholesale by 108.2% during the second quarter. Summit Global Investments now owns 12,315 shares of the retailer’s stock worth $12,191,000 after acquiring an additional 6,401 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Costco Wholesale during the second quarter worth about $15,458,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer decreased their target price on shares of Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. BTIG Research initiated coverage on Costco Wholesale in a research note on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price objective for the company. Wolfe Research started coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Finally, Daiwa Capital Markets reduced 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. Eighteen investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,025.07.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 9,740 shares in the company, valued at $8,912,100. This represents a 25.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tiffany Marie Barbre sold 1,239 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the sale, the insider owned 5,155 shares of the company’s stock, valued at $4,817,966.10. This trade represents a 19.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,720 shares of company stock worth $9,010,257 in the last ninety days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST stock opened at $899.01 on Monday. The stock’s 50 day simple moving average is $927.95 and its 200 day simple moving average is $962.49. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 12-month low of $871.71 and a 12-month high of $1,078.23. The stock has a market capitalization of $398.42 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 5.54 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 for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same quarter in the previous year, the firm earned $5.15 EPS. Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. As a group, research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

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.