Headland Capital LLC Acquires 134 Shares of Costco Wholesale Corporation $COST

Headland Capital LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,160 shares of the retailer’s stock after acquiring an additional 134 shares during the period. Costco Wholesale accounts for about 2.7% of Headland Capital LLC’s investment portfolio, making the stock its 12th largest holding. Headland Capital LLC’s holdings in Costco Wholesale were worth $9,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Twin Capital Management Inc. increased its position in Costco Wholesale by 0.3% during the 2nd quarter. Twin Capital Management Inc. now owns 8,215 shares of the retailer’s stock valued at $8,132,000 after buying an additional 22 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in shares of Costco Wholesale by 118.9% in the second quarter. Soltis Investment Advisors LLC now owns 7,295 shares of the retailer’s stock worth $7,221,000 after acquiring an additional 3,963 shares during the last quarter. Spurstone Advisory Services LLC purchased a new stake in shares of Costco Wholesale in the second quarter worth $48,000. Achmea Investment Management B.V. increased its holdings in shares of Costco Wholesale by 6.8% during the second quarter. Achmea Investment Management B.V. now owns 80,392 shares of the retailer’s stock valued at $79,584,000 after acquiring an additional 5,140 shares in the last quarter. Finally, HORAN Wealth LLC bought a new position in Costco Wholesale in the 2nd quarter worth about $541,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.2%

Shares of NASDAQ:COST opened at $923.58 on Friday. 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 stock has a market capitalization of $409.31 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23. The stock’s 50-day simple moving average is $938.53 and its two-hundred day simple moving average is $969.02.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same period in the previous year, the business earned $5.15 earnings per share. Costco Wholesale’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s payout ratio is currently 28.56%.

Insider Activity

In related news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was 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 owned 5,155 shares of the company’s stock, valued at $4,817,966.10. The trade was a 19.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,920 shares of company stock valued at $7,373,175. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Evercore ISI dropped their target price on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Morgan Stanley decreased their price objective on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Finally, Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,063.88.

Costco Wholesale Company 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.