Parkwoods Wealth Partners LLC Buys 61 Shares of Costco Wholesale Corporation $COST

Parkwoods Wealth Partners LLC raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 24.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315 shares of the retailer’s stock after acquiring an additional 61 shares during the period. Parkwoods Wealth Partners LLC’s holdings in Costco Wholesale were worth $312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bulwark Capital Corp bought a new position in Costco Wholesale during the 2nd quarter worth $25,000. Anderson Financial Strategies LLC grew its stake in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares in the last quarter. eCIO Inc. bought a new position in Costco Wholesale during the first quarter worth about $48,000. Aspect Partners LLC increased its position in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in Costco Wholesale in the 1st quarter worth about $61,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. DA Davidson reissued a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Wednesday, September 24th. Wolfe Research initiated coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating for the company. Finally, Sanford C. Bernstein increased their target price on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a report 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 data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,067.19.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $917.34 on Thursday. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $954.29 and its 200 day simple moving average is $971.03. The firm has a market capitalization of $406.82 billion, a PE ratio of 50.38, a price-to-earnings-growth ratio of 5.65 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 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 during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the prior year, the business earned $5.15 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given 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 currently 28.56%.

Insiders Place Their Bets

In related news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $3,899,840.00. Following the sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,981 shares of company stock valued at $7,588,685. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Company 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.