Earned Wealth Advisors LLC Buys 112 Shares of Costco Wholesale Corporation $COST

Earned Wealth Advisors LLC grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,206 shares of the retailer’s stock after acquiring an additional 112 shares during the period. Costco Wholesale comprises approximately 0.6% of Earned Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Earned Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,173,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Nuveen LLC bought a new position in shares of Costco Wholesale during the 1st quarter worth $3,461,159,000. Kingstone Capital Partners Texas LLC grew its holdings in Costco Wholesale by 418,980.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock worth $2,335,686,000 after acquiring an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. grew its holdings in Costco Wholesale by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock worth $40,332,515,000 after acquiring an additional 443,101 shares in the last quarter. National Bank of Canada FI increased its position in Costco Wholesale by 84.0% during the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after purchasing an additional 370,806 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Costco Wholesale by 2,369.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock valued at $320,036,000 after purchasing an additional 310,197 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction on Monday, September 29th. The shares were 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 of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the sale, the insider directly owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. This represents a 19.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,920 shares of company stock valued at $7,373,175 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COST. Mizuho cut their price objective on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Sanford C. Bernstein boosted their price target on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday, September 24th. Nineteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,068.15.

Costco Wholesale Stock Performance

COST opened at $920.18 on Friday. The firm’s 50-day moving average price is $940.48 and its 200-day moving average price is $970.92. The company has a market cap of $407.81 billion, a P/E ratio of 50.53, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23.

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

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s payout ratio is presently 28.56%.

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.