Fulcrum Capital LLC Sells 112 Shares of Costco Wholesale Corporation $COST

Fulcrum Capital LLC cut its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 7.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,406 shares of the retailer’s stock after selling 112 shares during the period. Fulcrum Capital LLC’s holdings in Costco Wholesale were worth $1,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Costco Wholesale by 13.1% in 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 during the last quarter. GAMMA Investing LLC raised its position in shares of Costco Wholesale by 12.6% during the 1st quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock valued at $8,160,000 after buying an additional 966 shares in the last quarter. Marshall Financial Group LLC raised its position in shares of Costco Wholesale by 7.4% during the 1st quarter. Marshall Financial Group LLC now owns 289 shares of the retailer’s stock valued at $274,000 after buying an additional 20 shares in the last quarter. Finally, West Branch Capital LLC lifted its holdings in shares of Costco Wholesale by 14.4% in the 1st quarter. West Branch Capital LLC now owns 3,432 shares of the retailer’s stock valued at $3,246,000 after acquiring an additional 433 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Shares of COST stock opened at $930.01 on Friday. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The firm has a market capitalization of $412.16 billion, a P/E ratio of 51.07, a P/E/G ratio of 5.64 and a beta of 0.98. The stock has a 50 day moving average price of $952.05 and a 200 day moving average price of $971.77.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (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 firm had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same period last year, the company earned $5.15 EPS. Costco Wholesale’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of analyst reports. Daiwa Capital Markets lowered their price target on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday. Evercore ISI lowered their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Argus raised their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,066.23.

Insider Activity at Costco Wholesale

In other news, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $7,588,685 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

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.