San Luis Wealth Advisors LLC Has $595,000 Stock Position in Costco Wholesale Corporation $COST

San Luis Wealth Advisors LLC lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 8.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 601 shares of the retailer’s stock after buying an additional 47 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Costco Wholesale were worth $595,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Grandview Asset Management LLC grew its stake in Costco Wholesale by 0.6% in the 2nd quarter. Grandview Asset Management LLC now owns 2,884 shares of the retailer’s stock valued at $2,855,000 after purchasing an additional 17 shares during the period. Beacon Capital Management LLC lifted its stake in shares of Costco Wholesale by 2.7% in the 2nd quarter. Beacon Capital Management LLC now owns 1,690 shares of the retailer’s stock valued at $1,673,000 after purchasing an additional 45 shares during the period. Patton Albertson Miller Group LLC raised its stake in shares of Costco Wholesale by 73.1% in the second quarter. Patton Albertson Miller Group LLC now owns 1,766 shares of the retailer’s stock worth $1,748,000 after purchasing an additional 746 shares during the last quarter. Coastline Trust Co increased its position in Costco Wholesale by 0.4% in the second quarter. Coastline Trust Co now owns 9,730 shares of the retailer’s stock worth $9,632,000 after buying an additional 39 shares in the last quarter. Finally, Guardian Investment Management boosted its stake in Costco Wholesale by 11.1% during the second quarter. Guardian Investment Management now owns 5,047 shares of the retailer’s stock valued at $4,996,000 after buying an additional 504 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 2.9%

Shares of COST stock opened at $915.95 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $955.70 and its two-hundred day moving average is $971.07. The company has a market capitalization of $406.21 billion, a P/E ratio of 50.30, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 31.10% and a net margin of 2.94%.Costco Wholesale’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.15 earnings per share. Equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president directly 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. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Wednesday. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Sanford C. Bernstein upped their target price on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday. Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Wolfe Research assumed coverage on shares of Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,069.58.

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.