Premier Path Wealth Partners LLC Buys 207 Shares of Costco Wholesale Co. (NASDAQ:COST)

Premier Path Wealth Partners LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,402 shares of the retailer’s stock after buying an additional 207 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Costco Wholesale were worth $2,892,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Oak Asset Management LLC raised its position in Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after acquiring an additional 12 shares in the last quarter. Peddock Capital Advisors LLC raised its holdings in shares of Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after purchasing an additional 12 shares during the period. Bedel Financial Consulting Inc. boosted its position in Costco Wholesale by 1.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after purchasing an additional 13 shares during the period. Boltwood Capital Management lifted its position in shares of Costco Wholesale by 1.7% during the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after purchasing an additional 13 shares in the last quarter. Finally, LifePro Asset Management boosted its holdings in Costco Wholesale by 3.8% in the second quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock valued at $304,000 after purchasing an additional 13 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on COST. Deutsche Bank Aktiengesellschaft raised their target price on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $925.00 price target on shares of Costco Wholesale in a research report on Monday, August 5th. Evercore ISI dropped their price target on Costco Wholesale from $920.00 to $915.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial lifted their price target on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $900.00 to $950.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $824.50.

Costco Wholesale Stock Up 0.2 %

COST stock traded up $1.65 during trading on Friday, reaching $879.21. The stock had a trading volume of 1,304,286 shares, compared to its average volume of 1,967,249. The company has a market capitalization of $389.78 billion, a P/E ratio of 54.47, a PEG ratio of 5.84 and a beta of 0.78. The firm has a fifty day moving average price of $851.23 and a 200 day moving average price of $787.99. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 1-year low of $530.56 and a 1-year high of $896.67.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating 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 business had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. During the same period last year, the firm posted $3.43 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Costco Wholesale Co. will post 15.98 earnings per share 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 paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s payout ratio is presently 28.75%.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Daniel M. Hines sold 1,500 shares of the firm’s 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 completion of the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. In the last three months, insiders sold 4,970 shares of company stock valued at $4,249,526. Company insiders own 0.18% of the company’s stock.

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.