Tnf LLC Has $736,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Tnf LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 145.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 886 shares of the retailer’s stock after buying an additional 525 shares during the quarter. Tnf LLC’s holdings in Costco Wholesale were worth $736,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Frank Rimerman Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 1st quarter worth about $32,000. Vima LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $34,000. DSM Capital Partners LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $36,000. Finally, Bank & Trust Co bought a new stake in shares of Costco Wholesale in the 2nd quarter worth about $48,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COST. Truist Financial upped their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Citigroup increased their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Loop Capital increased their price objective on shares of Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $824.50.

Insider Activity at Costco Wholesale

In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the sale, the director now directly owns 5,920 shares in the company, valued at $5,041,057.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the transaction, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The disclosure for this sale can be found here. Insiders have sold 4,970 shares of company stock worth $4,249,526 over the last ninety days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST stock traded up $1.65 during midday trading on Friday, reaching $879.21. 1,305,753 shares of the company were exchanged, compared to its average volume of 1,967,249. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The business has a 50-day moving average price of $851.23 and a two-hundred day moving average price of $789.01. Costco Wholesale Co. has a one year low of $530.56 and a one year high of $896.67. The firm has a market capitalization of $389.78 billion, a price-to-earnings ratio of 54.47, a price-to-earnings-growth ratio of 5.84 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. Costco Wholesale’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.43 earnings per share. Equities research analysts forecast that Costco Wholesale Co. will post 15.98 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s payout ratio is presently 28.75%.

Costco Wholesale 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.