Costco Wholesale Corporation $COST Shares Sold by Figure 8 Investment Strategies LLC

Figure 8 Investment Strategies LLC lessened its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 3,486 shares of the retailer’s stock after selling 42 shares during the period. Costco Wholesale makes up about 3.4% of Figure 8 Investment Strategies LLC’s holdings, making the stock its 7th biggest holding. Figure 8 Investment Strategies LLC’s holdings in Costco Wholesale were worth $3,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Corps Capital Advisors LLC lifted its stake in shares of Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after purchasing an additional 10 shares in the last quarter. Covestor Ltd raised its holdings in Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after buying an additional 10 shares during the period. Farrell Financial LLC lifted its position in Costco Wholesale by 2.2% during the first quarter. Farrell Financial LLC now owns 522 shares of the retailer’s stock valued at $493,000 after buying an additional 11 shares in the last quarter. Western Pacific Wealth Management LP grew its stake in Costco Wholesale by 0.5% during the first quarter. Western Pacific Wealth Management LP now owns 2,035 shares of the retailer’s stock worth $1,925,000 after buying an additional 11 shares during the period. Finally, MOKAN Wealth Management Inc. increased its position in shares of Costco Wholesale by 0.4% in the first quarter. MOKAN Wealth Management Inc. now owns 2,638 shares of the retailer’s stock worth $2,499,000 after acquiring an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Costco Wholesale

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

Costco Wholesale Trading Down 0.2%

Costco Wholesale stock opened at $915.38 on Friday. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The firm’s 50-day moving average is $953.54 and its 200-day moving average is $971.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The company has a market cap of $405.95 billion, a P/E ratio of 50.27, a PEG ratio of 5.55 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $86.01 billion. During the same quarter in the prior year, the business earned $5.15 earnings per share. Costco Wholesale’s quarterly revenue 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 year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $1.30 per share. 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 payout ratio is currently 28.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Truist Financial reduced their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a research report on Saturday, September 27th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,067.19.

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.