Chokshi & Queen Wealth Advisors Inc Acquires 563 Shares of Costco Wholesale Corporation $COST

Chokshi & Queen Wealth Advisors Inc raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 5.1% during the second quarter, HoldingsChannel reports. The firm owned 11,702 shares of the retailer’s stock after buying an additional 563 shares during the period. Costco Wholesale comprises about 6.6% of Chokshi & Queen Wealth Advisors Inc’s investment portfolio, making the stock its 4th biggest holding. Chokshi & Queen Wealth Advisors Inc’s holdings in Costco Wholesale were worth $11,584,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Corps Capital Advisors LLC grew its holdings in Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after acquiring an additional 10 shares in the last quarter. Covestor Ltd grew its holdings in Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after acquiring an additional 10 shares in the last quarter. MOKAN Wealth Management Inc. grew its holdings in Costco Wholesale by 0.4% during the 1st 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. Aspect Partners LLC grew its holdings in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares in the last quarter. Finally, Viewpoint Capital Management LLC boosted its holdings in shares of Costco Wholesale by 0.4% in the 1st quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock valued at $2,543,000 after buying an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated 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 directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the executive vice president owned 9,740 shares in the company, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on COST. Argus lifted their price target on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Mizuho decreased their price target on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,068.15.

Costco Wholesale Trading Up 0.1%

Costco Wholesale stock opened at $937.50 on Wednesday. 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 firm has a 50-day moving average price of $947.38 and a two-hundred day moving average price of $971.46. The firm has a market capitalization of $415.48 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 5.68 and a beta of 0.98. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted 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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $5.15 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s payout ratio is 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.