jvl associates llc Invests $204,000 in Costco Wholesale Corporation $COST

jvl associates llc acquired a new position in Costco Wholesale Corporation (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 206 shares of the retailer’s stock, valued at approximately $204,000.

A number of other hedge funds also recently bought and sold shares of COST. Brighton Jones LLC increased its holdings in 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 purchasing an additional 2,172 shares during the period. Revolve Wealth Partners LLC increased its holdings in Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Costco Wholesale by 19.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,046 shares of the retailer’s stock valued at $5,718,000 after purchasing an additional 976 shares during the period. Triangle Securities Wealth Management increased its holdings in Costco Wholesale by 4.4% during the 1st quarter. Triangle Securities Wealth Management now owns 635 shares of the retailer’s stock valued at $601,000 after purchasing an additional 27 shares during the period. Finally, Apella Capital LLC increased its holdings in Costco Wholesale by 1.9% during the 1st quarter. Apella Capital LLC now owns 3,005 shares of the retailer’s stock valued at $2,901,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of research analyst reports. Truist Financial reduced their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Daiwa Capital Markets cut their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wolfe Research began coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Roth Capital set a $907.00 price objective on Costco Wholesale and gave the company a “neutral” rating in a research report on Friday, September 26th. Eighteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Activity at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,981 shares of company stock valued at $7,588,685. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Performance

Shares of COST opened at $917.34 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $954.29 and its 200-day moving average price is $971.03. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The stock has a market cap of $406.82 billion, a P/E ratio of 50.38, a P/E/G ratio of 5.65 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 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 for the quarter, compared to analysts’ expectations of $86.01 billion. During the same period in the previous year, the firm posted $5.15 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is 28.56%.

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.