Corient Private Wealth LLC Has $838.86 Million Stock Holdings in Costco Wholesale Corporation $COST

Corient Private Wealth LLC trimmed its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 31.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847,380 shares of the retailer’s stock after selling 379,915 shares during the quarter. Costco Wholesale makes up 1.2% of Corient Private Wealth LLC’s holdings, making the stock its 17th biggest holding. Corient Private Wealth LLC owned about 0.19% of Costco Wholesale worth $838,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Bulwark Capital Corp acquired a new position in Costco Wholesale in the second quarter valued at $25,000. Soundwatch Capital LLC raised its position in shares of 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 acquiring an additional 2,206 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at about $31,000. Anderson Financial Strategies LLC boosted its position in shares of 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 purchasing an additional 36 shares in the last quarter. Finally, Financial Connections Group Inc. grew its stake in Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after purchasing an additional 39 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

Shares of COST stock opened at $860.56 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $915.22 and a two-hundred day simple moving average of $949.15. Costco Wholesale Corporation has a 12 month low of $851.40 and a 12 month high of $1,078.23. The firm has a market capitalization of $382.05 billion, a PE ratio of 46.09, a price-to-earnings-growth ratio of 5.99 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 11th. The retailer reported $4.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.07. The firm had revenue of $67.31 billion during the quarter, compared to analysts’ expectations of $67.03 billion. Costco Wholesale had a net margin of 2.96% and a return on equity of 29.35%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $4.04 earnings per share. Analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors 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 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 27.85%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction on Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the transaction, the executive vice president directly owned 6,851 shares of the company’s stock, valued at $6,410,343.68. The trade was a 28.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,157,994.18. Following the completion of the sale, the insider owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,720 shares of company stock worth $9,010,257 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on COST shares. Evercore ISI lowered their target price on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a report on Friday, September 26th. The Goldman Sachs Group lowered their price objective on shares of Costco Wholesale from $1,218.00 to $1,171.00 and set a “buy” rating for the company in a research note on Friday. Hovde Group started coverage on shares of Costco Wholesale in a research report on Tuesday, November 18th. They set a “market perform” rating and a $16.00 target price on the stock. BMO Capital Markets restated an “outperform” rating on shares of Costco Wholesale in a report on Friday. Finally, Mizuho dropped their price objective on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $992.70.

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.