Beirne Wealth Consulting Services LLC Takes Position in Costco Wholesale Corporation $COST

Beirne Wealth Consulting Services LLC purchased a new position in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 503 shares of the retailer’s stock, valued at approximately $466,000.

Other hedge funds have also modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new stake in Costco Wholesale in the second quarter valued at approximately $31,000. Abich Financial Wealth Management LLC acquired a new stake in Costco Wholesale during the 3rd quarter valued at approximately $34,000. Collier Financial purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at $35,000. AXS Investments LLC acquired a new stake in shares of Costco Wholesale in the third quarter worth $36,000. Finally, Marquette Asset Management LLC raised its holdings in shares of Costco Wholesale by 2,200.0% during the third quarter. Marquette Asset Management LLC now owns 46 shares of the retailer’s stock worth $43,000 after purchasing an additional 44 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Costco Wholesale news, EVP Javier Polit sold 2,049 shares of the business’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $867.21, for a total transaction of $1,776,913.29. Following the transaction, the executive vice president owned 10,748 shares of the company’s stock, valued at approximately $9,320,773.08. The trade was a 16.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 458 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $955.00, for a total transaction of $437,390.00. Following the transaction, the director directly owned 8,532 shares in the company, valued at approximately $8,148,060. The trade was a 5.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,915 shares of company stock valued at $6,317,097 in the last 90 days. 0.10% of the stock is owned by insiders.

Costco Wholesale Stock Up 2.0%

Shares of NASDAQ COST opened at $1,018.48 on Tuesday. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,077.49. The company’s 50-day simple moving average is $925.57 and its 200-day simple moving average is $933.10. The company has a quick ratio of 0.53, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. The firm has a market cap of $452.07 billion, a price-to-earnings ratio of 54.55, a price-to-earnings-growth ratio of 5.37 and a beta of 1.01.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.07. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The business had revenue of $67.31 billion for the quarter, compared to the consensus estimate of $67.03 billion. During the same quarter last year, the business posted $4.04 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $1.30 dividend. The ex-dividend date was Friday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. Costco Wholesale’s dividend payout ratio is presently 27.85%.

Costco Wholesale News Roundup

Here are the key news stories impacting Costco Wholesale this week:

Analysts Set New Price Targets

Several research firms have commented on COST. Daiwa Securities Group lowered their price target on shares of Costco Wholesale from $947.00 to $917.00 and set a “neutral” rating on the stock in a report on Tuesday, December 16th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a research note on Monday, December 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 2nd. Northcoast Research set a $1,100.00 price target on Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, December 24th. Finally, Robert W. Baird set a $1,100.00 price objective on Costco Wholesale in a research report on Thursday, February 5th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,009.00.

Read Our Latest Stock Report on COST

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

Further Reading

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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