Costco Wholesale Corporation $COST Shares Purchased by JSF Financial LLC

JSF Financial LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,755 shares of the retailer’s stock after acquiring an additional 40 shares during the period. Costco Wholesale makes up 1.1% of JSF Financial LLC’s investment portfolio, making the stock its 19th biggest holding. JSF Financial LLC’s holdings in Costco Wholesale were worth $4,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bulwark Capital Corp purchased a new stake in Costco Wholesale during the 2nd quarter valued at approximately $25,000. Anderson Financial Strategies LLC raised its stake in Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares during the last quarter. eCIO Inc. purchased a new stake in Costco Wholesale during the 1st quarter valued at approximately $48,000. Aspect Partners LLC raised its stake in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after acquiring an additional 11 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in Costco Wholesale during the 1st quarter valued at approximately $61,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the firm’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 sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock worth $7,588,685 over the last quarter. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $915.38 on Monday. 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 stock has a fifty day moving average of $953.54 and a two-hundred day moving average of $972.15. The company has a market capitalization of $405.95 billion, a price-to-earnings ratio of 50.27, a PEG ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23.

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

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Daiwa Capital Markets cut their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 24th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,067.19.

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.