OneAscent Wealth Management LLC Has $870,000 Stake in Costco Wholesale Corporation $COST

OneAscent Wealth Management LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 131.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 879 shares of the retailer’s stock after acquiring an additional 500 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Costco Wholesale were worth $870,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Corps Capital Advisors LLC boosted its position in shares of Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after purchasing an additional 10 shares in the last quarter. Covestor Ltd raised its position in Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after purchasing an additional 10 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Costco Wholesale by 0.4% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock worth $2,905,000 after buying an additional 11 shares in the last quarter. SeaBridge Investment Advisors LLC grew its stake in shares of Costco Wholesale by 0.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after buying an additional 11 shares during the last quarter. Finally, Redwood Park Advisors LLC lifted its stake in shares of Costco Wholesale by 6.8% in the 1st quarter. Redwood Park Advisors LLC now owns 173 shares of the retailer’s stock valued at $163,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of recent analyst reports. Evercore ISI lowered their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup dropped their target price on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Finally, Argus lifted their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,063.88.

Insider Transactions at Costco Wholesale

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the sale, the insider directly owned 5,155 shares in the company, valued at $4,817,966.10. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,920 shares of company stock worth $7,373,175. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $923.58 on Friday. The business’s 50-day moving average is $938.53 and its two-hundred day moving average is $969.02. The company has a market capitalization of $409.31 billion, a P/E ratio of 50.72, a P/E/G ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion during 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 company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.15 earnings per share. Research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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 paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

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.