Intrepid Financial Planning Group LLC Has $1.53 Million Stock Position in Costco Wholesale Corporation $COST

Intrepid Financial Planning Group LLC cut its stake in Costco Wholesale Corporation (NASDAQ:COST) by 14.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,545 shares of the retailer’s stock after selling 270 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Costco Wholesale were worth $1,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bulwark Capital Corp acquired a new position in Costco Wholesale during the second quarter worth $25,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth about $31,000. Anderson Financial Strategies LLC lifted its holdings in Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares during the last quarter. Financial Connections Group Inc. boosted its position in 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 in the last quarter. Finally, Frazier Financial Advisors LLC grew its stake in 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 buying an additional 18 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Mizuho dropped their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Hovde Group initiated coverage on Costco Wholesale in a research note on Tuesday. They issued a “market perform” rating and a $16.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday, October 8th. Finally, Daiwa Capital Markets reduced their price target on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Nineteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,025.07.

Insider Buying and Selling at Costco Wholesale

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the stock in a transaction on 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 transaction, the insider owned 5,155 shares of the company’s stock, valued at $4,817,966.10. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William Richard Wilcox sold 2,400 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $930.13, for a total value of $2,232,312.00. Following the completion of the sale, the executive vice president owned 2,000 shares of the company’s stock, valued at $1,860,260. This represents a 54.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 9,720 shares of company stock valued at $9,010,257. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $895.08 on Wednesday. The business’s 50-day simple moving average is $932.06 and its 200 day simple moving average is $964.95. The stock has a market cap of $396.68 billion, a price-to-earnings ratio of 49.15, a P/E/G ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a 12-month low of $871.71 and a 12-month high of $1,078.23. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $86.01 billion. During the same period in the previous year, the business posted $5.15 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, October 31st. Costco Wholesale’s 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.