230 Shares in Costco Wholesale Corporation $COST Acquired by Oak Associates Ltd. OH

Oak Associates Ltd. OH bought a new position in shares of Costco Wholesale Corporation (NASDAQ:COST) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 230 shares of the retailer’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Covestor Ltd lifted its stake in shares of Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after purchasing an additional 10 shares during the last quarter. Luminist Capital LLC lifted its position in shares of Costco Wholesale by 9.4% during the first quarter. Luminist Capital LLC now owns 128 shares of the retailer’s stock valued at $122,000 after buying an additional 11 shares during the last quarter. Birchbrook Inc. boosted its holdings in shares of Costco Wholesale by 2.5% in the 1st quarter. Birchbrook Inc. now owns 456 shares of the retailer’s stock valued at $431,000 after buying an additional 11 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in shares of Costco Wholesale by 7.4% in the 2nd quarter. Ridgewood Investments LLC now owns 159 shares of the retailer’s stock valued at $157,000 after buying an additional 11 shares in the last quarter. Finally, Wagner Wealth Management LLC grew its position in shares of Costco Wholesale by 3.4% in the 2nd quarter. Wagner Wealth Management LLC now owns 330 shares of the retailer’s stock worth $326,000 after buying an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP William Richard Wilcox sold 2,400 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly owned 2,000 shares of the company’s stock, valued at $1,860,260. This represents a 54.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,720 shares of company stock worth $9,010,257 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $886.12 on Tuesday. The company has a market cap of $392.71 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 5.54 and a beta of 0.98. 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 stock’s fifty day moving average price is $926.47 and its 200 day moving average price is $961.64. 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 issued 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. The company had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.15 EPS. As a group, equities research analysts forecast 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 was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a $1.30 dividend. The ex-dividend date was Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Weiss Ratings downgraded Costco Wholesale from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, November 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Tuesday, November 4th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. Finally, Wolfe Research assumed coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Eighteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,025.07.

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.