Costco Wholesale Corporation $COST Shares Acquired by Allium Financial Advisors LLC

Allium Financial Advisors LLC boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 13.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,965 shares of the retailer’s stock after buying an additional 696 shares during the quarter. Costco Wholesale accounts for about 4.3% of Allium Financial Advisors LLC’s investment portfolio, making the stock its 5th largest position. Allium Financial Advisors LLC’s holdings in Costco Wholesale were worth $5,905,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bulwark Capital Corp acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $25,000. Soundwatch Capital LLC boosted its stake in Costco Wholesale by 635.7% in the 2nd quarter. Soundwatch Capital LLC now owns 2,553 shares of the retailer’s stock worth $25,000 after purchasing an additional 2,206 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in Costco Wholesale during the 2nd quarter worth approximately $31,000. Anderson Financial Strategies LLC boosted 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 worth $38,000 after acquiring an additional 36 shares during the period. Finally, Financial Connections Group Inc. grew its stake in Costco Wholesale by 975.0% during the 2nd 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. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $895.85 on Friday. 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 stock’s 50 day moving average price is $920.10 and its two-hundred day moving average price is $956.78. The firm has a market capitalization of $397.02 billion, a P/E ratio of 49.20, a price-to-earnings-growth ratio of 6.26 and a beta of 1.00. Costco Wholesale Corporation has a 12-month low of $871.71 and a 12-month high of $1,078.23.

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

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on COST shares. BTIG Research started coverage on shares of Costco Wholesale in a report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price target for the company. Wolfe Research started coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. Citigroup dropped their price target on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Gordon Haskett reduced their price objective on Costco Wholesale from $1,150.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday. Finally, Hovde Group initiated coverage on Costco Wholesale in a report on Tuesday, November 18th. They set a “market perform” rating and a $16.00 target price on the stock. Nineteen equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,023.41.

Insider Activity at Costco Wholesale

In related news, EVP William Richard Wilcox sold 2,400 shares of the stock in a transaction dated Friday, November 7th. The shares were 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 in the company, valued at approximately $1,860,260. This trade represents a 54.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the transaction, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,720 shares of company stock worth $9,010,257 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.