Beaird Harris Wealth Management LLC Buys 42 Shares of Costco Wholesale Co. (NASDAQ:COST)

Beaird Harris Wealth Management LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 554 shares of the retailer’s stock after buying an additional 42 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Costco Wholesale were worth $471,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Frank Rimerman Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC bought a new stake in Costco Wholesale during the first quarter worth $32,000. Vima LLC bought a new stake in Costco Wholesale during the fourth quarter worth $34,000. Financial Connections Group Inc. boosted its position in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Finally, Bank & Trust Co bought a new position in Costco Wholesale in the 2nd quarter valued at $48,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a research note on Tuesday. TD Cowen raised their price target on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Robert W. Baird upped their price objective on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Finally, Citigroup increased their price objective on Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $881.19.

Costco Wholesale Trading Down 1.8 %

NASDAQ COST opened at $885.62 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $870.67 and its two-hundred day simple moving average is $816.15. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The company has a market capitalization of $392.63 billion, a price-to-earnings ratio of 54.87, a PEG ratio of 5.57 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. Costco Wholesale’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.86 earnings per share. Research analysts forecast that Costco Wholesale Co. will post 16.01 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the sale, the director now directly owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,974 shares of company stock worth $4,252,856. Company insiders own 0.18% of the company’s stock.

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.