Costco Wholesale Corporation $COST Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 1.4% during the 2nd quarter, Holdings Channel reports. The firm owned 6,453 shares of the retailer’s stock after acquiring an additional 87 shares during the quarter. Linscomb Wealth Inc.’s holdings in Costco Wholesale were worth $6,388,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bulwark Capital Corp purchased a new stake in shares of Costco Wholesale in the second quarter valued at $25,000. Anderson Financial Strategies LLC lifted its position 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. Financial Connections Group Inc. lifted its position 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 valued at $42,000 after acquiring an additional 39 shares in the last quarter. Frazier Financial Advisors LLC lifted its position 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 valued at $43,000 after acquiring an additional 18 shares in the last quarter. Finally, eCIO Inc. purchased a new stake in shares of Costco Wholesale in the first quarter valued at $48,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on COST shares. Citigroup reduced their price objective on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Sanford C. Bernstein upped their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Daiwa Capital Markets reduced their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Costco Wholesale in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,068.15.

Costco Wholesale Stock Performance

NASDAQ COST opened at $920.18 on Friday. The business’s 50-day moving average price is $940.48 and its 200 day moving average price is $970.92. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The company has a market capitalization of $407.81 billion, a PE ratio of 50.53, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 0.55 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, topping analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion for 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% compared to the same quarter last year. During the same period last year, the business posted $5.15 EPS. On average, research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current 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 $1.30 dividend. 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 dividend payout ratio (DPR) is 28.56%.

Insider Transactions at Costco Wholesale

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the transaction, the insider directly owned 5,155 shares in the company, valued at $4,817,966.10. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% 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 have sold 7,920 shares of company stock valued at $7,373,175. 0.18% of the stock is owned by company insiders.

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.