Tandem Investment Partners LLC Purchases 113 Shares of Costco Wholesale Corporation $COST

Tandem Investment Partners LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 13.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 979 shares of the retailer’s stock after acquiring an additional 113 shares during the period. Tandem Investment Partners LLC’s holdings in Costco Wholesale were worth $969,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bulwark Capital Corp bought a new stake in Costco Wholesale in the 2nd quarter valued at approximately $25,000. Anderson Financial Strategies LLC raised its stake in shares of Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after purchasing an additional 36 shares in the last quarter. eCIO Inc. bought a new stake in shares of Costco Wholesale during the 1st quarter worth approximately $48,000. Aspect Partners LLC raised its stake in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after purchasing an additional 11 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Costco Wholesale during the 1st quarter worth approximately $61,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $915.38 on Friday. The firm has a market cap of $405.95 billion, a P/E ratio of 50.27, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The business’s fifty day moving average is $953.54 and its 200-day moving average is $971.61.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $5.15 EPS. Sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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 dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. This represents a 25.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $7,588,685 in the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COST. Wolfe Research began coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating on the stock. Evercore ISI dropped their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Morgan Stanley dropped their price objective on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Citigroup dropped their price objective on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Finally, Truist Financial decreased their target price 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. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,067.19.

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.