Sava Infond d.o.o. Decreases Stock Position in Costco Wholesale Corporation $COST

Sava Infond d.o.o. lessened its stake in Costco Wholesale Corporation (NASDAQ:COST) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,200 shares of the retailer’s stock after selling 240 shares during the period. Sava Infond d.o.o.’s holdings in Costco Wholesale were worth $3,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Brighton Jones LLC boosted its holdings in Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares during the last quarter. Vest Financial LLC lifted its holdings in Costco Wholesale by 961.7% during the 1st quarter. Vest Financial LLC now owns 23,146 shares of the retailer’s stock worth $21,891,000 after buying an additional 20,966 shares during the last quarter. Signal Advisors Wealth LLC increased its position in shares of Costco Wholesale by 52.8% during the first quarter. Signal Advisors Wealth LLC now owns 1,744 shares of the retailer’s stock worth $1,649,000 after purchasing an additional 603 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its position in shares of Costco Wholesale by 0.7% during the first quarter. Sovereign Financial Group Inc. now owns 1,727 shares of the retailer’s stock worth $1,634,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the firm’s 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 sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI dropped their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Morgan Stanley decreased their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Truist Financial decreased their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research note on Friday, September 26th. Wolfe Research assumed 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 price target on Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,067.19.

Costco Wholesale Stock Performance

Shares of COST stock opened at $915.38 on Friday. 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 Corporation has a one year low of $867.34 and a one year high of $1,078.23. The company’s 50-day simple moving average is $953.54 and its 200-day simple moving average is $971.61. The stock has a market capitalization of $405.95 billion, a price-to-earnings ratio of 50.27, a PEG ratio of 5.55 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS 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 analysts’ expectations of $86.01 billion. During the same quarter last year, the company posted $5.15 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

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.