Prospera Financial Services Inc Has $29.58 Million Stake in Costco Wholesale Corporation $COST

Prospera Financial Services Inc raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,863 shares of the retailer’s stock after purchasing an additional 2,057 shares during the quarter. Prospera Financial Services Inc’s holdings in Costco Wholesale were worth $29,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Corps Capital Advisors LLC lifted its stake in Costco Wholesale by 0.7% during 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 holdings in shares of Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after purchasing an additional 10 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Costco Wholesale by 0.4% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock valued at $2,905,000 after purchasing an additional 11 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its position in shares of Costco Wholesale by 0.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after purchasing an additional 11 shares in the last quarter. Finally, Redwood Park Advisors LLC boosted its holdings in Costco Wholesale by 6.8% during the first quarter. Redwood Park Advisors LLC now owns 173 shares of the retailer’s stock worth $163,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, 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 $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the sale, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,920 shares of company stock valued at $7,373,175 over the last three months. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.1%

Shares of COST opened at $922.74 on Friday. The firm has a market cap of $408.94 billion, a P/E ratio of 50.67, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23. 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 business has a 50-day moving average of $938.12 and a 200 day moving average of $968.77.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping 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 net margin of 2.94% and a return on equity of 30.09%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $5.15 earnings per share. As a group, research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced 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. 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 dividend payout ratio is currently 28.56%.

Wall Street Analysts Forecast Growth

Several research firms have commented on COST. DA Davidson reiterated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Evercore ISI decreased their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Mizuho dropped their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Finally, Daiwa Capital Markets lowered their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,063.88.

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.