Tsfg LLC Purchases 28 Shares of Costco Wholesale Co. (NASDAQ:COST)

Tsfg LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 862 shares of the retailer’s stock after purchasing an additional 28 shares during the period. Tsfg LLC’s holdings in Costco Wholesale were worth $733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. Main Street Financial Solutions LLC grew its holdings in Costco Wholesale by 4.7% during the 4th quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock worth $1,164,000 after acquiring an additional 79 shares during the period. Metis Global Partners LLC grew its stake in shares of Costco Wholesale by 15.6% in the 4th quarter. Metis Global Partners LLC now owns 21,514 shares of the retailer’s stock valued at $14,201,000 after buying an additional 2,909 shares during the period. Zhang Financial LLC grew its stake in shares of Costco Wholesale by 3.8% in the 1st quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock valued at $740,000 after buying an additional 37 shares during the period. Strong Tower Advisory Services grew its stake in shares of Costco Wholesale by 7.9% in the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after buying an additional 137 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of Costco Wholesale by 6.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 27,902 shares of the retailer’s stock valued at $18,418,000 after buying an additional 1,627 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,350 shares of company stock worth $2,837,131. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on COST. Bank of America raised their price target on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Telsey Advisory Group reissued an “outperform” rating and set a $925.00 target price on shares of Costco Wholesale in a research report on Monday, August 5th. Roth Mkm reaffirmed a “neutral” rating and issued a $676.00 price target (up previously from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Argus lifted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Oppenheimer reduced their price objective on shares of Costco Wholesale from $950.00 to $925.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $824.50.

Costco Wholesale Stock Down 0.2 %

Shares of NASDAQ COST traded down $2.11 on Wednesday, reaching $862.71. 1,277,291 shares of the company’s stock traded hands, compared to its average volume of 2,032,267. Costco Wholesale Co. has a 12 month low of $530.56 and a 12 month high of $896.67. The business’s 50 day simple moving average is $846.68 and its two-hundred day simple moving average is $779.49. The company has a market cap of $382.47 billion, a price-to-earnings ratio of 53.45, a price-to-earnings-growth ratio of 5.73 and a beta of 0.78. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. During the same quarter last year, the company posted $3.43 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Costco Wholesale Co. will post 15.98 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were issued a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.54%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

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.