Turtle Creek Wealth Advisors LLC Purchases 932 Shares of Costco Wholesale Co. (NASDAQ:COST)

Turtle Creek Wealth Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.8% during the second quarter, HoldingsChannel.com reports. The fund owned 8,819 shares of the retailer’s stock after buying an additional 932 shares during the quarter. Costco Wholesale accounts for about 1.7% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 14th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in Costco Wholesale were worth $7,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Costco Wholesale by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after buying an additional 473,702 shares in the last quarter. Norges Bank bought a new position in Costco Wholesale during the fourth quarter valued at $3,628,694,000. Capital World Investors lifted its holdings in Costco Wholesale by 8.1% during the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock valued at $2,802,147,000 after purchasing an additional 285,533 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Costco Wholesale by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock valued at $1,842,241,000 after acquiring an additional 81,853 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Costco Wholesale by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,657,994 shares of the retailer’s stock worth $1,754,489,000 after purchasing an additional 77,345 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COST has been the topic of several recent analyst reports. Evercore ISI dropped their price target on Costco Wholesale from $920.00 to $915.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Bank of America raised their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Citigroup increased their price objective on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Telsey Advisory Group restated an “outperform” rating and issued a $925.00 price objective on shares of Costco Wholesale in a report on Tuesday, August 27th. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $824.50.

Insider Buying and Selling

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 completion of the sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at $20,560,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s 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 sale, 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 sold a total of 4,974 shares of company stock valued at $4,252,856 over the last three months. 0.18% of the stock is owned by company insiders.

Costco Wholesale Trading Up 0.6 %

Costco Wholesale stock traded up $5.75 during trading hours on Friday, hitting $892.38. The company had a trading volume of 1,933,485 shares, compared to its average volume of 1,775,800. The firm has a market cap of $395.62 billion, a P/E ratio of 55.29, a P/E/G ratio of 5.98 and a beta of 0.78. The company has a 50-day moving average price of $854.20 and a two-hundred day moving average price of $794.58. Costco Wholesale Co. has a 1 year low of $539.31 and a 1 year high of $918.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data 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. The company had revenue of $58.52 billion for the quarter, compared to analysts’ expectations 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 was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.43 earnings per share. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 15.98 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors 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 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is currently 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.