Cahill Financial Advisors Inc. Sells 57 Shares of Costco Wholesale Corporation $COST

Cahill Financial Advisors Inc. trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,039 shares of the retailer’s stock after selling 57 shares during the period. Cahill Financial Advisors Inc.’s holdings in Costco Wholesale were worth $1,028,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Peterson Wealth Services raised its stake in shares of Costco Wholesale by 0.5% in the second quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock valued at $13,479,000 after buying an additional 72 shares during the period. Fishman Jay A Ltd. MI increased its holdings in Costco Wholesale by 3.5% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after acquiring an additional 575 shares during the last quarter. Independent Solutions Wealth Management LLC raised its stake in Costco Wholesale by 0.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock valued at $20,430,000 after acquiring an additional 53 shares during the period. Graybill Wealth Management LTD. bought a new stake in Costco Wholesale in the 1st quarter valued at about $3,095,000. Finally, Rossmore Private Capital boosted its position in Costco Wholesale by 0.9% during the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $922.74 on Monday. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23. The stock has a fifty day moving average of $938.12 and a 200 day moving average of $968.65. 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 firm has a market capitalization of $408.94 billion, a price-to-earnings ratio of 50.67, a P/E/G ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly 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 firm had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter last year, the firm posted $5.15 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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 yield of 0.6%. Costco Wholesale’s payout ratio is presently 28.56%.

Insider Activity at Costco Wholesale

In other 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 completion of the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the completion of the transaction, the executive vice president owned 6,851 shares of the company’s stock, valued at $6,410,343.68. This trade represents a 28.27% 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 worth $7,373,175 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Argus boosted their price target on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. JPMorgan Chase & Co. cut their price target on Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating for the company in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a research report on Wednesday, October 8th. Finally, Mizuho dropped their price objective on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.