Fire Capital Management LLC Purchases 41 Shares of Costco Wholesale Corporation $COST

Fire Capital Management LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 3.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,391 shares of the retailer’s stock after acquiring an additional 41 shares during the period. Fire Capital Management LLC’s holdings in Costco Wholesale were worth $1,377,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Corps Capital Advisors LLC lifted its stake in 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 acquiring an additional 10 shares in the last quarter. Covestor Ltd raised its stake in shares of Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after purchasing an additional 10 shares in the last quarter. Viewpoint Capital Management LLC raised its stake in shares of Costco Wholesale by 0.4% during the 1st quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock worth $2,543,000 after purchasing an additional 11 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Costco Wholesale by 0.4% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock worth $2,905,000 after purchasing an additional 11 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC raised its stake in shares of Costco Wholesale by 0.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock worth $2,327,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of analyst reports. DA Davidson reiterated a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Oppenheimer reiterated an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Citigroup dropped their price objective on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. JPMorgan Chase & Co. dropped their price objective on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Finally, Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,068.15.

Insider Buying and Selling

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the sale, the insider directly owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the sale, the executive vice president directly owned 6,851 shares in the company, valued at approximately $6,410,343.68. This trade represents a 28.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 7,920 shares of company stock valued at $7,373,175. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $924.16 on Wednesday. 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 stock’s fifty day moving average price is $943.11 and its two-hundred day moving average price is $971.63. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The firm has a market cap of $409.57 billion, a price-to-earnings ratio of 50.75, a P/E/G ratio of 5.64 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same period in the prior year, the firm posted $5.15 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s dividend 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.