Talbot Financial LLC Has $19.51 Million Stock Holdings in Costco Wholesale Corporation $COST

Talbot Financial LLC raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 15.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,710 shares of the retailer’s stock after purchasing an additional 2,626 shares during the quarter. Costco Wholesale accounts for approximately 1.8% of Talbot Financial LLC’s investment portfolio, making the stock its 19th biggest position. Talbot Financial LLC’s holdings in Costco Wholesale were worth $19,512,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of COST. Nuveen LLC acquired a new stake in shares of Costco Wholesale in the 1st quarter valued at $3,461,159,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of Costco Wholesale by 418,980.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after acquiring an additional 2,358,859 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after acquiring an additional 443,101 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after acquiring an additional 370,806 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Costco Wholesale by 5.2% in the 1st quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock valued at $3,695,796,000 after acquiring an additional 191,985 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Oppenheimer reiterated an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Wednesday, September 24th. Wolfe Research assumed coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. Finally, Evercore ISI lowered their target price 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. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $915.38 on Friday. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The firm 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. The business has a 50-day simple moving average of $953.54 and a 200 day simple moving average of $971.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating 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 return on equity of 30.09% and a net margin of 2.94%.The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.15 EPS. On average, research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s payout ratio is 28.56%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the transaction, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,981 shares of company stock worth $7,588,685. Insiders own 0.18% of the company’s stock.

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.