Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Takes $1.39 Million Position in Costco Wholesale Corporation $COST

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,406 shares of the retailer’s stock, valued at approximately $1,392,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Costco Wholesale during the 2nd quarter valued at about $5,692,035,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of Costco Wholesale by 418,980.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock worth $2,335,686,000 after purchasing an additional 2,358,859 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale by 96,316.6% in the second quarter. Laurel Wealth Advisors LLC now owns 1,378,758 shares of the retailer’s stock worth $1,364,888,000 after buying an additional 1,377,328 shares during the last quarter. Vanguard Group Inc. grew its position in Costco Wholesale by 1.7% during the second quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock valued at $42,920,107,000 after buying an additional 711,560 shares during the period. Finally, Invesco Ltd. grew its position in Costco Wholesale by 9.8% during the second quarter. Invesco Ltd. now owns 4,291,557 shares of the retailer’s stock valued at $4,248,384,000 after buying an additional 383,887 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.8%

COST stock opened at $887.52 on Tuesday. The firm has a market cap of $394.02 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 6.07 and a beta of 1.00. The firm has a fifty day moving average price of $919.09 and a 200 day moving average price of $953.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same quarter last year, the business earned $5.15 earnings per share. Costco Wholesale’s quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Insider Buying and Selling

In other Costco Wholesale news, EVP William Richard Wilcox sold 2,400 shares of Costco Wholesale stock in a transaction on Friday, November 7th. The shares were sold at an average price of $930.13, for a total transaction of $2,232,312.00. Following the completion of the transaction, the executive vice president directly owned 2,000 shares of the company’s stock, valued at $1,860,260. The trade was a 54.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold 9,720 shares of company stock valued at $9,010,257 over the last quarter. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COST. Mizuho decreased their price target on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Thursday, December 4th. JPMorgan Chase & Co. lowered their target price on Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Truist Financial reduced their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Finally, Sanford C. Bernstein decreased their price objective on Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Nineteen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,023.41.

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.