Costco Wholesale Corporation $COST Holdings Lifted by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282 shares of the retailer’s stock after acquiring an additional 29 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Costco Wholesale were worth $279,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Corps Capital Advisors LLC raised its position in shares of Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after purchasing an additional 10 shares during the period. Covestor Ltd increased its stake in Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after purchasing an additional 10 shares in the last quarter. Rooted Wealth Advisors Inc. raised its holdings in Costco Wholesale by 2.6% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock worth $404,000 after buying an additional 11 shares during the period. Bank & Trust Co lifted its stake in Costco Wholesale by 20.4% during the first quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock valued at $61,000 after buying an additional 11 shares in the last quarter. Finally, Amplius Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale by 1.3% in the first quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer’s stock worth $819,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on COST shares. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research note on Thursday, May 29th. Truist Financial raised their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Wolfe Research initiated coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,061.30.

Costco Wholesale Stock Performance

Shares of COST stock opened at $945.27 on Thursday. Costco Wholesale Corporation has a fifty-two week low of $867.16 and a fifty-two week high of $1,078.23. The stock’s 50-day moving average is $956.61 and its two-hundred day moving average is $970.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm has a market cap of $419.21 billion, a P/E ratio of 53.62, a PEG ratio of 5.30 and a beta of 0.97.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 29.50%.

About Costco Wholesale

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.