EPG Wealth Management LLC Has $1.59 Million Holdings in Costco Wholesale Corporation $COST

EPG Wealth Management LLC cut its stake in Costco Wholesale Corporation (NASDAQ:COST) by 19.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,611 shares of the retailer’s stock after selling 386 shares during the period. EPG Wealth Management LLC’s holdings in Costco Wholesale were worth $1,594,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bulwark Capital Corp acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $25,000. Anderson Financial Strategies LLC raised its holdings in shares of Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares in the last quarter. Financial Connections Group Inc. raised its holdings in shares of Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after buying an additional 39 shares in the last quarter. Frazier Financial Advisors LLC grew its position in Costco Wholesale by 72.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after acquiring an additional 18 shares during the last quarter. Finally, eCIO Inc. bought a new stake in Costco Wholesale during the 1st quarter worth approximately $48,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 value of $3,093,615.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudine Adamo sold 2,700 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the completion of the transaction, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,920 shares of company stock valued at $7,373,175 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.9%

Shares of COST opened at $911.45 on Monday. The firm has a market capitalization of $403.94 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 5.54 and a beta of 0.98. 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 price is $939.53 and its two-hundred day moving average price is $970.42. 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 announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The firm 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%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $5.15 EPS. On average, analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research analyst reports. BTIG Research initiated coverage on Costco Wholesale in a research report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price target on the stock. Mizuho decreased their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. The Goldman Sachs Group increased their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. decreased their price target on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,068.15.

Costco Wholesale Company 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.