Solstein Capital LLC Purchases 132 Shares of Costco Wholesale Corporation $COST

Solstein Capital LLC raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,368 shares of the retailer’s stock after purchasing an additional 132 shares during the period. Costco Wholesale accounts for approximately 1.2% of Solstein Capital LLC’s investment portfolio, making the stock its 19th largest holding. Solstein Capital LLC’s holdings in Costco Wholesale were worth $2,344,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bulwark Capital Corp bought a new position in Costco Wholesale in the second quarter worth about $25,000. Anderson Financial Strategies LLC increased its holdings in shares of Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares in the last quarter. Financial Connections Group Inc. raised its position in shares of Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after purchasing an additional 39 shares during the last quarter. Frazier Financial Advisors LLC raised its position in shares of Costco Wholesale by 72.0% in the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after purchasing an additional 18 shares during the last quarter. Finally, eCIO Inc. purchased a new position in shares of Costco Wholesale in the 1st quarter valued at approximately $48,000. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the transaction, the insider owned 5,155 shares in the company, valued at $4,817,966.10. This trade represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the transaction, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. This trade represents a 28.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,920 shares of company stock worth $7,373,175. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COST has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a research report on Friday. Truist Financial decreased their price objective on shares of 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. BTIG Research initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 price objective for the company. Evercore ISI decreased their price objective on shares of 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. Finally, Wolfe Research initiated coverage on shares of Costco Wholesale in a research report on Thursday, September 18th. They issued a “peer perform” rating for the company. Nineteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,068.15.

Costco Wholesale Trading Down 1.1%

Costco Wholesale stock opened at $932.14 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The stock’s 50 day simple moving average is $945.23 and its two-hundred day simple moving average is $972.16. The firm has a market cap of $413.10 billion, a PE ratio of 51.19, a P/E/G ratio of 5.66 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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 return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same quarter in the prior year, the firm posted $5.15 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

About Costco Wholesale

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.