PFC Capital Group Inc. Has $5.72 Million Holdings in Costco Wholesale Corporation $COST

PFC Capital Group Inc. reduced its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,775 shares of the retailer’s stock after selling 102 shares during the period. Costco Wholesale makes up about 2.6% of PFC Capital Group Inc.’s investment portfolio, making the stock its 9th largest position. PFC Capital Group Inc.’s holdings in Costco Wholesale were worth $5,716,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Peterson Wealth Services increased its holdings in Costco Wholesale by 0.5% in the 2nd quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock valued at $13,479,000 after buying an additional 72 shares during the period. Fishman Jay A Ltd. MI boosted its position in shares of Costco Wholesale by 3.5% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after acquiring an additional 575 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Costco Wholesale by 2.0% in the second quarter. Wealthspire Advisors LLC now owns 15,799 shares of the retailer’s stock valued at $15,640,000 after acquiring an additional 312 shares during the period. Vanguard Group Inc. increased its stake in Costco Wholesale by 1.7% in the second quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock valued at $42,920,107,000 after acquiring an additional 711,560 shares during the period. Finally, Independent Solutions Wealth Management LLC raised its position in Costco Wholesale by 0.3% in the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after purchasing an additional 53 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup decreased their price objective on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Tuesday, November 4th. The Goldman Sachs Group upped their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating for the company. Finally, Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Eighteen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,025.07.

Insider Transactions at Costco Wholesale

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $934.62, for a total value of $1,157,994.18. Following the transaction, the insider owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William Richard Wilcox sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $930.13, for a total transaction of $2,232,312.00. Following the sale, the executive vice president directly owned 2,000 shares of the company’s stock, valued at approximately $1,860,260. This trade represents a 54.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,720 shares of company stock worth $9,010,257 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

Shares of COST stock opened at $899.01 on Monday. Costco Wholesale Corporation has a 1 year low of $871.71 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 firm’s 50 day moving average is $927.95 and its 200-day moving average is $962.49. The firm has a market capitalization of $398.42 billion, a price-to-earnings ratio of 49.37, a PEG ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share 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 firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the company posted $5.15 EPS. Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were given a dividend of $1.30 per share. The ex-dividend date was Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 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.