Costco Wholesale Corporation $COST is Cumberland Partners Ltd’s 9th Largest Position

Cumberland Partners Ltd raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,055 shares of the retailer’s stock after purchasing an additional 717 shares during the quarter. Costco Wholesale accounts for approximately 3.4% of Cumberland Partners Ltd’s holdings, making the stock its 9th biggest position. Cumberland Partners Ltd’s holdings in Costco Wholesale were worth $48,562,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in COST. Bulwark Capital Corp bought a new position in Costco Wholesale in the 2nd quarter worth $25,000. LFA Lugano Financial Advisors SA bought a new stake in Costco Wholesale during the 2nd quarter worth approximately $31,000. Anderson Financial Strategies LLC lifted its holdings in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares in the last quarter. Financial Connections Group Inc. boosted its position 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 worth $42,000 after purchasing 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 second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after purchasing an additional 18 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP William Richard Wilcox sold 2,400 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $930.13, for a total transaction of $2,232,312.00. Following the transaction, the executive vice president directly owned 2,000 shares of the company’s stock, valued at $1,860,260. This trade represents a 54.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tiffany Marie Barbre sold 1,239 shares of the business’s 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 sale, the insider directly owned 5,155 shares of the company’s stock, valued at $4,817,966.10. This represents a 19.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 9,720 shares of company stock worth $9,010,257. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST stock opened at $890.60 on Thursday. 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 business’s fifty day simple moving average is $930.74 and its two-hundred day simple moving average is $964.43. Costco Wholesale Corporation has a twelve month low of $871.71 and a twelve month high of $1,078.23. The firm has a market cap of $394.70 billion, a price-to-earnings ratio of 48.91, a PEG ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS 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 company had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same period last year, the business posted $5.15 EPS. Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders 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 yield of 0.6%. Costco Wholesale’s payout ratio is presently 28.56%.

Analysts Set New Price Targets

Several brokerages recently weighed in on COST. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the stock a “neutral” rating in a report 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 note on Friday, September 26th. Mizuho decreased their target price on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. 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. Finally, Wolfe Research began coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating for the company. Eighteen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,025.07.

About Costco Wholesale

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.