Costco Wholesale Corporation $COST Shares Purchased by Glenview Trust co

Glenview Trust co raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 15.4% in the second quarter, Holdings Channel reports. The fund owned 11,127 shares of the retailer’s stock after buying an additional 1,484 shares during the period. Glenview Trust co’s holdings in Costco Wholesale were worth $11,015,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of COST. Peterson Wealth Services boosted its position in shares of Costco Wholesale by 0.5% during the 2nd quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock worth $13,479,000 after acquiring an additional 72 shares in the last quarter. Fishman Jay A Ltd. MI raised its position in shares of Costco Wholesale by 3.5% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after acquiring an additional 575 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Costco Wholesale by 2.0% during the second quarter. Wealthspire Advisors LLC now owns 15,799 shares of the retailer’s stock worth $15,640,000 after purchasing an additional 312 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Costco Wholesale by 1.7% in the second quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock valued at $42,920,107,000 after purchasing an additional 711,560 shares in the last quarter. Finally, Independent Solutions Wealth Management LLC boosted its holdings in Costco Wholesale by 0.3% in the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock valued at $20,430,000 after purchasing an additional 53 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COST. The Goldman Sachs Group boosted their price objective on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Morgan Stanley cut their price target on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Argus increased their price target on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Nineteen investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,023.41.

Insider Activity at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction that occurred 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 owned 6,851 shares in the company, valued at approximately $6,410,343.68. This represents a 28.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,720 shares of company stock valued at $9,010,257 in the last 90 days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $874.41 on Thursday. The company has a market cap of $388.20 billion, a P/E ratio of 48.02, a price-to-earnings-growth ratio of 6.02 and a beta of 1.00. Costco Wholesale Corporation has a one year low of $871.09 and a one year high of $1,078.23. The business has a fifty day moving average of $917.49 and a two-hundred day moving average of $952.44. 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 (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 analysts’ consensus estimates of $5.81 by $0.06. The business 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 business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.15 EPS. As a group, analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

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.