Costco Wholesale Corporation $COST Holdings Raised by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,228 shares of the retailer’s stock after purchasing an additional 941 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Costco Wholesale were worth $35,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares in the last quarter. ING Groep NV raised its position in Costco Wholesale by 26.9% during the first quarter. ING Groep NV now owns 97,319 shares of the retailer’s stock valued at $92,042,000 after buying an additional 20,605 shares during the period. Probity Advisors Inc. acquired a new position in Costco Wholesale during the first quarter valued at $221,000. Finally, Silver Coast Investments LLC purchased a new stake in Costco Wholesale in the 1st quarter worth about $261,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 2,700 shares of the firm’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 transaction, the executive vice president directly owned 6,851 shares of the company’s stock, valued at approximately $6,410,343.68. This trade represents a 28.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William Richard Wilcox sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $930.13, for a total value of $2,232,312.00. Following the completion of the sale, the executive vice president owned 2,000 shares of the company’s stock, valued at approximately $1,860,260. This trade represents a 54.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,720 shares of company stock worth $9,010,257. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST stock opened at $911.96 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $404.16 billion, a price-to-earnings ratio of 50.08, a P/E/G ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a 12 month low of $871.71 and a 12 month high of $1,078.23. The firm has a 50 day moving average of $921.94 and a two-hundred day moving average of $958.18.

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

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on COST shares. BTIG Research began coverage on Costco Wholesale in a research note on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 target price on the stock. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Costco Wholesale in a research note on Monday, November 24th. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Finally, Evercore ISI lowered their price target on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Eighteen analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,025.07.

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.