Hutchens & Kramer Investment Management Group LLC Sells 63 Shares of Costco Wholesale Corporation $COST

Hutchens & Kramer Investment Management Group LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 10.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 550 shares of the retailer’s stock after selling 63 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Costco Wholesale were worth $543,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bulwark Capital Corp purchased a new stake in shares of Costco Wholesale during the second quarter valued at approximately $25,000. Anderson Financial Strategies LLC grew its holdings in shares of Costco Wholesale by 900.0% during 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. Financial Connections Group Inc. grew its holdings in shares of Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after buying an additional 39 shares during the last quarter. Frazier Financial Advisors LLC grew its holdings in shares of Costco Wholesale by 72.0% during the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after buying an additional 18 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in shares of Costco Wholesale during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.9%

COST opened at $911.45 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The company has a market capitalization of $403.94 billion, a PE ratio of 50.05, a PEG ratio of 5.54 and a beta of 0.98. The firm’s 50 day simple moving average is $939.53 and its two-hundred day simple moving average is $970.42.

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 net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same period last year, the firm earned $5.15 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were 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 approximately $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total transaction 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. The trade was a 28.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,920 shares of company stock valued at $7,373,175 over the last three months. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on COST shares. Evercore ISI cut their price target on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. BTIG Research initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 target price for the company. Wolfe Research initiated coverage on shares of Costco Wholesale in a research report on Thursday, September 18th. They issued a “peer perform” rating for the company. Oppenheimer reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Monday. Finally, Daiwa Capital Markets cut their target price on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,068.15.

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.