Costco Wholesale Corporation $COST Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,704 shares of the retailer’s stock after purchasing an additional 54 shares during the quarter. Venturi Wealth Management LLC’s holdings in Costco Wholesale were worth $3,667,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Friedenthal Financial increased its position in shares of Costco Wholesale by 33.0% during the 2nd quarter. Friedenthal Financial now owns 435 shares of the retailer’s stock valued at $430,000 after purchasing an additional 108 shares during the period. BankPlus Trust Department increased its position in shares of Costco Wholesale by 10.9% during the 2nd quarter. BankPlus Trust Department now owns 1,630 shares of the retailer’s stock valued at $1,614,000 after purchasing an additional 160 shares during the period. Canopy Partners LLC grew its holdings in shares of Costco Wholesale by 9.0% in the 2nd quarter. Canopy Partners LLC now owns 2,396 shares of the retailer’s stock worth $2,372,000 after acquiring an additional 197 shares during the last quarter. SGL Investment Advisors Inc. grew its holdings in shares of Costco Wholesale by 30.0% in the 2nd quarter. SGL Investment Advisors Inc. now owns 481 shares of the retailer’s stock worth $474,000 after acquiring an additional 111 shares during the last quarter. Finally, Independent Solutions Wealth Management LLC grew its holdings in shares of Costco Wholesale by 0.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after acquiring an additional 53 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Truist Financial decreased their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Daiwa Capital Markets decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. 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 data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,067.19.

Costco Wholesale Price Performance

COST opened at $914.80 on Wednesday. The stock has a market cap of $405.70 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 5.52 and a beta of 0.98. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $952.69 and a 200 day moving average price of $971.76.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter last year, the firm earned $5.15 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given 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 dividend yield of 0.6%. Costco Wholesale’s payout ratio 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.