Invst LLC Acquires 219 Shares of Costco Wholesale Co. (NASDAQ:COST)

Invst LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,581 shares of the retailer’s stock after buying an additional 219 shares during the period. Invst LLC’s holdings in Costco Wholesale were worth $3,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Frank Rimerman Advisors LLC bought a new stake in Costco Wholesale during the fourth quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Vima LLC purchased a new position in Costco Wholesale in the fourth quarter worth $34,000. Financial Connections Group Inc. lifted its holdings in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Finally, Bank & Trust Co acquired a new position in Costco Wholesale during the 2nd quarter valued at about $48,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In related news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the sale, the insider now owns 10,992 shares in the company, valued at $9,327,041.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

COST has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America lifted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Loop Capital upped their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday. Tigress Financial lifted their price target on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price objective for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $881.19.

Costco Wholesale Stock Performance

COST opened at $885.62 on Monday. The firm has a market capitalization of $392.63 billion, a PE ratio of 54.87, a PEG ratio of 5.47 and a beta of 0.80. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The firm’s 50-day moving average price is $870.67 and its 200 day moving average price is $817.28.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter last year, the business posted $4.86 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that Costco Wholesale Co. will post 16.02 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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

Costco Wholesale 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.