Rothschild Investment LLC Has $22 Million Holdings in Costco Wholesale Corporation $COST

Rothschild Investment LLC cut its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,223 shares of the retailer’s stock after selling 2,077 shares during the period. Costco Wholesale makes up approximately 1.4% of Rothschild Investment LLC’s investment portfolio, making the stock its 11th largest holding. Rothschild Investment LLC’s holdings in Costco Wholesale were worth $21,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bulwark Capital Corp acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA acquired a new stake in Costco Wholesale during the 2nd quarter worth approximately $31,000. Anderson Financial Strategies LLC lifted its stake in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after buying an additional 36 shares in the last quarter. Financial Connections Group Inc. boosted its holdings in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after buying an additional 39 shares during the period. Finally, Frazier Financial Advisors LLC increased its position in shares of Costco Wholesale by 72.0% during the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after acquiring an additional 18 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COST. Truist Financial reduced their target price on shares of 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. The Goldman Sachs Group upped their price objective on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Argus lifted their target price on 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. JPMorgan Chase & Co. dropped their target price on Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Oppenheimer cut their price target on shares of Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,063.88.

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 2,700 shares of the firm’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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction dated 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 transaction, the insider directly 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 10,320 shares of company stock valued at $9,605,487. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Down 0.2%

COST stock opened at $922.98 on Monday. Costco Wholesale Corporation has a 52 week low of $871.71 and a 52 week high of $1,078.23. The business has a 50-day simple moving average of $934.93 and a 200 day simple moving average of $966.35. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a market cap of $409.05 billion, a PE ratio of 50.69, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the firm earned $5.15 EPS. Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate 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 was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is 28.56%.

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.