TFR Capital LLC. Purchases 163 Shares of Costco Wholesale Corporation $COST

TFR Capital LLC. raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,977 shares of the retailer’s stock after purchasing an additional 163 shares during the quarter. Costco Wholesale accounts for about 2.1% of TFR Capital LLC.’s investment portfolio, making the stock its 12th biggest holding. TFR Capital LLC.’s holdings in Costco Wholesale were worth $5,917,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. Nuveen LLC bought a new stake in Costco Wholesale during the 1st quarter valued at about $3,461,159,000. Kingstone Capital Partners Texas LLC increased its stake in Costco Wholesale by 418,980.3% during 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 purchasing an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. increased its stake in Costco Wholesale by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after purchasing an additional 443,101 shares in the last quarter. National Bank of Canada FI increased its stake in Costco Wholesale by 84.0% during the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after purchasing an additional 370,806 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Costco Wholesale by 2,369.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock valued at $320,036,000 after purchasing an additional 310,197 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

COST opened at $942.89 on Friday. 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 company has a market cap of $418.15 billion, a price-to-earnings ratio of 51.78, a PEG ratio of 5.55 and a beta of 0.98. The company’s 50 day moving average is $952.50 and its 200 day moving average is $971.48. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23.

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

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. This represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,981 shares of company stock valued at $7,588,685. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Finally, 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. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,066.23.

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.