Costco Wholesale Corporation $COST Stock Holdings Lifted by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 6.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,664 shares of the retailer’s stock after purchasing an additional 292 shares during the period. Costco Wholesale comprises approximately 1.4% of TriaGen Wealth Management LLC’s portfolio, making the stock its 12th largest holding. TriaGen Wealth Management LLC’s holdings in Costco Wholesale were worth $4,617,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $25,000. Anderson Financial Strategies LLC lifted its stake in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after buying an additional 36 shares during the last quarter. eCIO Inc. bought a new stake in Costco Wholesale in the first quarter valued at $48,000. Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after buying an additional 11 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Costco Wholesale in the first quarter valued at $61,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $914.80 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The stock’s 50 day moving average price is $952.69 and its 200 day moving average price is $971.76. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The stock has a market cap of $405.70 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 5.52 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its 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. The business had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $5.15 EPS. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COST shares. Daiwa Capital Markets cut their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Sanford C. Bernstein lifted their price target on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a report on Saturday, September 27th. Wolfe Research began coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating on the stock. Finally, Roth Capital set a $907.00 target price on Costco Wholesale and gave the company a “neutral” rating in a research note on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,067.19.

Insider Activity

In other news, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction dated 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 directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares in the company, valued at approximately $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. Insiders have sold 7,981 shares of company stock worth $7,588,685 over the last 90 days. 0.18% of the stock is owned by company insiders.

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.