STF Management LP Has $6.70 Million Holdings in Costco Wholesale Corporation $COST

STF Management LP grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,770 shares of the retailer’s stock after acquiring an additional 162 shares during the quarter. Costco Wholesale comprises about 2.6% of STF Management LP’s portfolio, making the stock its 9th biggest holding. STF Management LP’s holdings in Costco Wholesale were worth $6,702,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Costco Wholesale by 4.1% in the 1st quarter. Bleakley Financial Group LLC now owns 11,390 shares of the retailer’s stock valued at $10,772,000 after buying an additional 449 shares during the period. Gould Asset Management LLC CA lifted its holdings in shares of Costco Wholesale by 2.7% in the 1st quarter. Gould Asset Management LLC CA now owns 1,869 shares of the retailer’s stock worth $1,768,000 after purchasing an additional 50 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its position in shares of Costco Wholesale by 90.9% during the first quarter. Florida Financial Advisors LLC now owns 2,132 shares of the retailer’s stock worth $2,018,000 after acquiring an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.8%

Shares of COST stock opened at $915.56 on Tuesday. The business has a 50-day moving average of $937.57 and a 200 day moving average of $968.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a 1-year low of $871.71 and a 1-year high of $1,078.23. The stock has a market capitalization of $405.76 billion, a PE ratio of 50.28, a P/E/G ratio of 5.54 and a beta of 0.98.

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

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid 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 presently 28.56%.

Analyst Ratings Changes

Several equities analysts have weighed in on COST shares. Argus raised their price objective on Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Tuesday, November 4th. DA Davidson reissued a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Finally, Sanford C. Bernstein reduced their target price on Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,063.88.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the sale, the executive vice president owned 6,851 shares in the company, valued at approximately $6,410,343.68. The trade was a 28.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tiffany Marie Barbre sold 1,239 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the completion of the transaction, the insider owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 7,920 shares of company stock valued at $7,373,175. Company insiders own 0.18% of the company’s stock.

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.