Requisite Capital Management LLC Boosts Stock Holdings in Costco Wholesale Corporation $COST

Requisite Capital Management LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 14.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 261 shares of the retailer’s stock after buying an additional 32 shares during the quarter. Requisite Capital Management LLC’s holdings in Costco Wholesale were worth $258,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC grew its position in Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after buying an additional 167 shares during the period. F&V Capital Management LLC bought a new position in Costco Wholesale during the first quarter valued at about $236,000. Graybill Wealth Management LTD. bought a new position in Costco Wholesale during the first quarter valued at about $3,095,000. Rossmore Private Capital grew its position in Costco Wholesale by 0.9% during the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock valued at $6,325,000 after buying an additional 62 shares during the period. Finally, Curat Global LLC bought a new position in Costco Wholesale during the first quarter valued at about $241,000. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of the firm’s 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 sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% 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.

Costco Wholesale Trading Up 1.0%

Shares of Costco Wholesale stock opened at $925.63 on Wednesday. Costco Wholesale Corporation has a 12-month low of $867.16 and a 12-month high of $1,078.23. The company has a market cap of $410.50 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 5.59 and a beta of 0.97. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $954.76 and its 200-day moving average price is $971.40.

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

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 28.56%.

Analyst Ratings Changes

Several equities analysts recently weighed in 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 research report on Wednesday, September 24th. Morgan Stanley dropped their price objective on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Friday. Truist Financial dropped their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a report on Friday, September 26th. Eighteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

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.