Heirloom Wealth Management Sells 44 Shares of Costco Wholesale Corporation $COST

Heirloom Wealth Management reduced its stake in Costco Wholesale Corporation (NASDAQ:COST) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,560 shares of the retailer’s stock after selling 44 shares during the quarter. Costco Wholesale comprises 0.4% of Heirloom Wealth Management’s holdings, making the stock its 24th largest holding. Heirloom Wealth Management’s holdings in Costco Wholesale were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bulwark Capital Corp acquired a new position in shares of Costco Wholesale in the second quarter worth approximately $25,000. Anderson Financial Strategies LLC lifted 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 worth $38,000 after acquiring an additional 36 shares during the period. Financial Connections Group Inc. lifted its stake in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after acquiring an additional 39 shares during the period. Frazier Financial Advisors LLC lifted its stake in shares of Costco Wholesale by 72.0% in the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after acquiring an additional 18 shares during the period. Finally, eCIO Inc. acquired a new position in shares of Costco Wholesale in the first quarter worth approximately $48,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a “neutral” rating in a research note on Friday, September 26th. Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. Finally, Truist Financial dropped 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 note on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,068.15.

Insider Transactions at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was 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 owned 2,362 shares in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tiffany Marie Barbre sold 1,239 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the sale, the insider directly owned 5,155 shares of the company’s stock, valued at $4,817,966.10. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,920 shares of company stock worth $7,373,175. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.1%

NASDAQ COST opened at $932.14 on Friday. The company has a market cap of $413.11 billion, a price-to-earnings ratio of 51.19, a P/E/G ratio of 5.66 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. The business has a 50 day moving average price of $945.23 and a 200-day moving average price of $972.11. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate 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 return on equity of 30.09% and a net margin of 2.94%.The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.15 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is currently 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.