Andra AP fonden Sells 17,800 Shares of Costco Wholesale Corporation $COST

Andra AP fonden trimmed its stake in Costco Wholesale Corporation (NASDAQ:COST) by 62.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,582 shares of the retailer’s stock after selling 17,800 shares during the period. Andra AP fonden’s holdings in Costco Wholesale were worth $10,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bulwark Capital Corp bought a new position in shares of Costco Wholesale during the second quarter valued at approximately $25,000. Anderson Financial Strategies LLC increased its position in Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after buying an additional 36 shares in the last quarter. Financial Connections Group Inc. increased its holdings in shares of Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after acquiring an additional 39 shares in the last quarter. Frazier Financial Advisors LLC raised its holdings in shares of Costco Wholesale by 72.0% in the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after buying an additional 18 shares during the last quarter. Finally, eCIO Inc. purchased a new position in Costco Wholesale in the 1st quarter worth $48,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.2%

Shares of COST opened at $923.58 on Friday. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23. The stock has a market cap of $409.31 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. The firm’s fifty day moving average is $938.53 and its two-hundred day moving average is $969.02. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 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 analysts’ expectations of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $5.15 earnings per share. Research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Insider Buying and Selling

In other Costco Wholesale news, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the sale, the insider directly owned 5,155 shares in the company, valued at $4,817,966.10. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 7,920 shares of company stock valued at $7,373,175. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on COST. Truist Financial decreased their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Evercore ISI decreased their target price on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Mizuho cut their price target on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Finally, Morgan Stanley reduced their price objective on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,063.88.

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.