Cvfg LLC Purchases 102 Shares of Costco Wholesale Corporation $COST

Cvfg LLC raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 24.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 514 shares of the retailer’s stock after acquiring an additional 102 shares during the quarter. Cvfg LLC’s holdings in Costco Wholesale were worth $509,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bulwark Capital Corp bought a new stake in Costco Wholesale in the second quarter worth approximately $25,000. LFA Lugano Financial Advisors SA bought a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $31,000. Anderson Financial Strategies LLC boosted its holdings in shares of Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares in the last quarter. Financial Connections Group Inc. grew its position in shares of Costco Wholesale by 975.0% during the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after buying an additional 39 shares during the period. Finally, Frazier Financial Advisors LLC increased its stake in shares of Costco Wholesale by 72.0% in the 2nd 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. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.8%

Shares of NASDAQ COST opened at $915.56 on Tuesday. 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 company has a 50-day moving average price of $937.57 and a 200-day moving average price of $968.23. The stock has a market capitalization of $405.76 billion, a P/E ratio of 50.28, a P/E/G ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a 1 year low of $871.71 and a 1 year high of $1,078.23.

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 analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.15 EPS. On average, equities research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given 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 dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 28.56%.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The stock was 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tiffany Marie Barbre sold 1,239 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $934.62, for a total value of $1,157,994.18. Following the transaction, the insider owned 5,155 shares in the company, valued at approximately $4,817,966.10. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 7,920 shares of company stock worth $7,373,175. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on COST shares. Evercore ISI cut 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 target on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Daiwa Capital Markets dropped their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Truist Financial reduced their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Finally, BTIG Research started coverage on Costco Wholesale in a research report on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 target price for the company. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average 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.