B.O.S.S. Retirement Advisors LLC Sells 142 Shares of Costco Wholesale Corporation $COST

B.O.S.S. Retirement Advisors LLC lowered its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,557 shares of the retailer’s stock after selling 142 shares during the period. Costco Wholesale makes up approximately 3.1% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 4th largest position. B.O.S.S. Retirement Advisors LLC’s holdings in Costco Wholesale were worth $12,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Costco Wholesale by 1.0% during the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock worth $40,332,515,000 after purchasing an additional 443,101 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Costco Wholesale by 0.4% in the first quarter. Alliancebernstein L.P. now owns 4,332,009 shares of the retailer’s stock valued at $4,097,127,000 after purchasing an additional 18,045 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Costco Wholesale by 5.2% in the first quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock valued at $3,695,796,000 after purchasing an additional 191,985 shares in the last quarter. Nuveen LLC purchased a new stake in Costco Wholesale during the 1st quarter worth approximately $3,461,159,000. Finally, Jennison Associates LLC lifted its holdings in Costco Wholesale by 3.9% during the 1st quarter. Jennison Associates LLC now owns 3,357,630 shares of the retailer’s stock worth $3,175,579,000 after buying an additional 125,441 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on COST shares. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday, September 24th. Argus boosted their price objective on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Oppenheimer restated an “outperform” rating and set a $1,130.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Eighteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,067.19.

Costco Wholesale Trading Down 0.9%

NASDAQ COST opened at $917.34 on Thursday. The company has a market cap of $406.82 billion, a P/E ratio of 50.38, a P/E/G ratio of 5.65 and a beta of 0.98. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The company has a 50-day moving average of $954.29 and a 200-day moving average of $971.03.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (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 net margin of 2.94% and a return on equity of 30.09%. Costco Wholesale’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.15 earnings per share. As a group, equities analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company 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. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

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.